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A theory of global economic growth in the very long-run : is a grand innovation slowdown inevitable?

Gomułka, Stanisław - In: Central European economic journal 6 (2019) 53, pp. 174-188

revolution is going to be an innovation super-fluctuation. …

Persistent link: https://www.econbiz.de/10012303145

Endogenous sigma-augmenting technological change : an R&D-based approach

Kemnitz, Alexander; Knoblach, Michael - 2020

There is now increasing evidence that for the U.S. economy, the elasticity of substitution between capital and labor, "sigma", is rising over time. To account for this, we propose a microfounded model, where the evolution of "sigma", and, hence, the shape of the aggregate production function...

Persistent link: https://www.econbiz.de/10012264961

Government debt and the returns to innovation

Croce, Mariano M.; Nguyen, Thien T.; Raymond, Steve; … - 2018

. Furthermore, rises in the cost of capital for innovation-intensive firms predict declines in subsequent productivity and economic … growth. We propose a production-based asset pricing model with endogenous innovation and fiscal policy shocks that can …

Persistent link: https://www.econbiz.de/10011962223

Fewer babies and more robots : economic growth in a new era of demographic and technological changes

Jimeno, Juan F. - In: SERIEs : Journal of the Spanish Economic Association 10 (2019) 2, pp. 93-114

This paper surveys recent research on the macroeconomic implications of demographic and technological changes. Lower fertility and increasing longevity have implications on the age population structure and, therefore, on the balance between savings and investment. Jointly with meagre...

Persistent link: https://www.econbiz.de/10012033383

China’s Great Convergence and Beyond

Storesletten, Kjetil; Zilibotti, Fabrizio - In: Annual Review of Economics 6 (2014) 1, pp. 333-362

A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...

Persistent link: https://www.econbiz.de/10010886217

Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carraro, Carlo; Cian, Enrica De; Tavoni, Massimo - Fondazione ENI Enrico Mattei (FEEM) - 2012

This paper looks at the interplay between human capital and innovation in the presence of climate and educational … moderate, short-term consumption loss. Human capital is complement to all forms of innovation and an educational policy … stimulates both energy and general purpose innovation. This result has important policy implications considering the growing …

Persistent link: https://www.econbiz.de/10010904922

An Evolutionary Model of Economic Growth

Polterovich, Victor; Henkin, Gennadi - Volkswirtschaftliche Fakultät, … - 1990

, Khenkin, 1988. It is shown that, as a result of interaction between innovation and imitation, the shape of the efficiency …

Persistent link: https://www.econbiz.de/10008592990

Innovation, demand and structural change in Europe.

Lucchese, Matteo - Facoltà di Economia, Università degli Studi di Urbino - 2011

link between sectoral patterns of innovation and economic performance of sectors, a set of tests is developed on a panel of …

Persistent link: https://www.econbiz.de/10009204978

Searching where ideas are harder to find : the productivity slowdown as a result of firms hindering disruptive innovation

Bräuer, Richard - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: 05.06.2024

these inventors threaten with their research. I build an endogenous growth model with incremental and disruptive innovation … 52% of the decline of disruptive innovation until 2010. …

Persistent link: https://www.econbiz.de/10014541610

Entrepreneurial Innovation, Economic Growth and the Stigma of Failure

Crifo, Patricia; Sami, Hind - 2008

This contribution proposes a model of entrepreneurial activity highlighting a complex relationship between innovation … and stigma of failure. Innovation decisions are examined in an endogenous growth model with horizontal differentiation in … production costs, and face a risk of failure. If an entrepreneur fails in this innovation process, the firm remains on the market …

Persistent link: https://www.econbiz.de/10014215114