satisfy an indefinite range of wants and firmsf incentive to utilize knowledge from past production experiences. We show that … unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumersf desire to …

satisfy an indefinite range of wants and firms' incentive to utilize knowledge from past production experiences. We show that …' unsatisfied wants and attract large demand. Thus, sporadic emergence of new industries generates growth cycles, where both the …This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …

concerning the nature and structure of technological knowledge, the sources of novel opportunities, the dynamics through which … diffusion affect growth and survival probabilities of heterogeneous firms. The processes of knowledge accumulation and diffusion … cycles influence the patterns of industrial organization—including size distributions, degrees of concentration, relative …

generate persistent medium-frequency cycles, meaning it matches well the data from short to long horizons …