implications of individual income tax reforms for innovation and aggregate productivity growth. In the model, innovation comes from …We formulate and estimate a general equilibrium model of innovation-led growth and use it to evaluate the quantitative … well for the observed movements in TFP, labor productivity, hours worked and number of firms per capita during the “Reagan …

-specific innovation and endogenous entry. Transition dynamics is characterized by two differential equations describing the evolution of …

context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …

assess the quantitative effect of incomplete tax enforcement on aggregate output and productivity using a dynamic general … improvements. Under complete enforcement, labor productivity and output would be 19% higher under perfect competition and 34 …

empirically-consistent model of endogenous growth, we obtain explicit links between persistent gaps in productivity growth and the … subsidize hinges on slower productivity growth and is disconnected from the typical incentive of importers to tax resource …

robust advancements in labor productivity. Next, the primary drivers of labor productivity growth and convergence across many … economies were driven by total factor productivity, labor quality, and digital transformation. Lastly, digital transformation … not only directly contributed to the augmentation of labor productivity, as quantified through growth accounting …

, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the …

answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …, and (iii) productivity and growth, relative to the contributions of the entrepreneurs' counterparts, i.e. the 'control … very important - but specific - function in the economy. They engender relatively much employment creation, productivity …