. Long-run growth and persistent earnings inequality emerge when these two mechanisms for knowledge accumulation are combined …. This paper considers an economy in which those with more useful knowledge can teach others, with competitive markets … productive knowledge. This sorting on ability implies large differences in earnings distributions conditional on ability, as …

Investment in knowledge-based capital (KBC) – assets that have no physical embodiment, such as computerised information … productivity growth and requires new thinking on policy. The returns to investing in KBC differ significantly across countries and … rights (IPR) are also important to provide firms with the incentive to innovate and to promote knowledge diffusion via the …

Investment in knowledge-based capital (KBC) – assets that lack physical embodiment, such as computerised information … productivity growth and requires new thinking on policy. The returns to investing in KBC differ significantly across countries and …) are also important to provide firms with the incentive to innovate and to promote knowledge diffusion via the public …

gains, and the contribution of efficient resource allocation to this process. Realising the growth opportunities implied by …

sizable effect on productivity growth. According to my estimates, moreover, the social returns to investment in human capital …

This paper constructs a stochastic growth model that anchors on technology diffusion and improvement in social … infrastructure to explain the growth of developing countries. The model is based on the technological diffusion model by Barro and … model is able to explain the various economic growth and transition phases of developing economies. Technology diffusion is …

economic growth. The knowledge filter impedes the spillover of knowledge for commercialization, thereby weakening the impact of … knowledge investments on economic growth. By serving as a conduit for knowledge spillovers, entrepreneurship is the missing link … between investments in new knowledge and economic growth. Entrepreneurship is an important mechanism permeating the knowledge …

differences. We then study the relationship between productivity growth at the sectoral level and size structure. We find a … positive and robust association between average firm size and growth. Asking why size should matter for growth, we consider the … role of innovative activity, to construct a test based on the differential effect of size on growth according to various …

incentive to accumulate knowledge. As a result, countries with large barriers experience lower income and growth. Our results …We study how barriers to business start-up affect the investment in knowledge capital when contracts are not … enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the …