We introduce efficiency-wage unemployment in a model of growth with endogenous technical change. Our research aim is … twofold. First, we try to provide an analytically tractable model of growth with efficiency-wage unemployment that can be … viewed as alternative to the standard models of growth and search unemployment. Second, we try to analyze the steady …

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …