This paper first brings together aggregate data from the 20 Italian regions, concerning the dynamics of Total Factor Productivity (TFP) over twenty years, and then investigates the relationship between the observed variance in TFP evolution and the level of knowledge capital, both private and...

The path dependency literature provides insights on the dynamic allocation processes in which events are non-ergodic and have multiple absorbing states. Technological change belongs to this class of processes. This paper contributes to this conceptual framework by analysing the distinction...

The paper airns to amend the standard monopolistic competition framework - and its endogenous growth extension - introducing both heterogeneity among producers and a form of 'Schumpeterian' competitive selection process. According to our view, the introduction of heterogeneity implies that the...

This paper presents an imperfect competition framework where growth is described as successful R&D investments in decreasing production-cost technologies. Innovation and imitation processes are modelled as activities requiring different amounts of investment, whose outcome is uncertaint both as...