important differences between Japanese and US energy firms: lower elasticity of the innovation production function in R …&D expenditure, lower probability of radical innovation, and predominance of dirty technologies in Japan. This may explain our … Politikinstrumente auf das mittel- und langfristige Wirtschaftswachstum der USA und Japan vorzunehmen. Unsere Ergebnisse zeigen mehrere …

under-invest in increasing quality. As a result, the market outcome features lower long run growth, higher unemployment and …

); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

perspectives. Next, the paper shows that the super-multiplier is a micro-economically coherent theory of investment and capital … shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …