innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

"Chen and Dahlman assess the effects of knowledge on economic growth. By using an array of indicators, each of which … represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period … 1960 to 2000, they show that knowledge is a significant determinant of long-term economic growth. In particular, the …

Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …

information. We also find that the relative importance of knowledge sources varies systematically with the type of innovation … organization that one of the main drivers of differences in productivity is differences in knowledge. We examine a new data set of … detailed measures of knowledge outputs, knowledge investments, and sources of existing knowledge. We find that globally engaged …

knowledge accumulates as technology progresses, then successive generations of innovators may face an increasing educational … negative implications for growth. I develop a formal model of this "knowledge burden mechanism" and derive six testable … sufficiently rapid increase in the burden of knowledge. In cross-section, the model predicts that specialization and teamwork will …

The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …

innovation-driven economy. Part 2 describes the policies to be implemented in key areas of the knowledge economy: governance … improved their global competitiveness by taking the first steps in the direction of the knowledge economy. The World Bank Group … entrepreneurial economies, preparing a better-educated and skilled population, improving capabilities for innovation and research, and …