We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …

. We contribute to the literature on the economic value of language knowledge, with a special focus on a country … and significant returns to proficiency in English and Russian, which increase with the level of competence. Knowledge of …