Mainstream endogenous growth models assume that new knowledge is embodied into new intermediate or final goods, monopolistically supplied by the patent holder. Recent technological progress, however, often gives rise to pure intellectual contents, such as software codes or business models,...

This paper outlines a recently articulated concept in the demographic literature known as the ‘demographic dividend’, and connects it with key features of Maori and non-Maori demography. The dividend arises – or has the potential to arise - as each population passes through a particular...

The Philippines is slowly ageing. In a little over a decade, the country’s elderly will comprise at least seven percent of the total population. This rising tide may pose some substantial burden to the country's resources. But the same economic and demographic forces that will eventually lead...

New estimates of an aggregate long-term production function for the post-war U.S. economy are reported. The results indicate that this long-term aggregate production function exhibits a slight but statistically significant increasing returns to scale. Since virtually all econometric growth...