The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge … and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does … not explain how or why spillovers occur. The missing link is the mechanism converting knowledge into economically relevant …

, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …

knowledge. Three long-term outcomes emerge. First, a "Secularization" or "Western-European" regime with declining religiosity …, unimpeded science, a passive Church and high levels of taxes and transfers. Second, a "Theocratic" regime with knowledge …

efficiency; provides further insight into why Open Source Software is a successful model of innovation and development in digital …

potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We …

routinized phase where innovation takes place within top-performing incumbents; (3) a second entrepreneurial phase characterized … routinization, in which no further innovation takes place, but is instead a phase of structural change. Using data on 74 West German …

In this Paper we focus on the different historical regime experiences of the core and the periphery. Using conventional … develop this intuition by showing that before 1914, advanced countries adhered to gold while periphery countries either … resort to capital controls. Thus the key distinction between the exchange rate regime of core and periphery countries both …