The theoretical richness and variety of the new growth literature can make it difficult to capture the essence of growth models. With this paper, we wish to provide one possible integrating view of the nature of the growth generating processes. Revisiting the models that constitute the core of...

We analyse how a patent-holding pharmaceutical firm may strategically use advertising of existing drugs to affect R&D investments in new (differentiated) drugs, and thereby affect the probability distribution of future market structures in the industry. Within a fairly generalmodel framework, we...

To what extent are the productivity spillovers of information technology related to R&D activity? Do these factors distinctly affect economic growth, or does the IT impact merely reflect the embodiment of R&D-driven technical progress? Based on country-level data, this work shows that both forms...

The major challenge for individuals, firms and countries, as well was, until recently, to ensure sustainable global competitiveness; but, into the new circumstances of the knowledge-based society, this seems to be an even harder to get objective – especially for the entities which have not...

The benefits from financial development are known to vary across industries. However, no systematic effort has been made to determine the technological characteristics that are shared by industries that tend to grow relatively faster in more financially developed countries. This paper explores a...

Scientific innovation constitutes an important factor of economic growth. This paper estimates the economic impact of one scientific type of innovation: genetics applied to seed production. In Argentina, previous research on this topic has been focalized on the impact of genetic innovation on...

This presentation overviews productive development policies (PDPs) in Mexico and proposes an strategy to strengthen its aeronautic industry.

The increasing productivity of production factors, due to progresses in science and technology is today the engine of economic growth. The economic theory managed to endogenize the technical progress, first as a result of the unintended activities of firms, then as the result of profit driven...

New technologies, innovation, and research and development of new products can help developing economies to transform models of production and raise productivity. Several countries in Asia have shown that investing in education, research. Technological adaptation and creation of new technology...