The paper comprises a thorough survey of the literature on growth in Western Europe since 1950. This experience is put … in the context both of long-run historical trends and the ideas emanating from recent work in growth economics. The … exceptional nature of the Golden Age (c.1950-73) is confirmed and given an historical interpretation. Catch-up growth is seen as …

individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …

favourable for innovation incentives. This is consistent with empirical evidence, suggesting that countries with a more equal …

We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free … by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it … may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …

This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed …. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a … technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may …

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question …

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … not in laggard industries. To explain this pattern, we introduce entry into a Schumpeterian growth model with multiple … sectors which differ by their distance to the technological frontier. We show that entry threat spurs innovation incentives in …

phenomenon -- common to Europe and Japan -- of catch-up. From 1960 to 1973, the unexplained residual disappears and growth is …This paper uses a comparative and historical framework to evaluate the growth performance of the West German economy … from the beginning of the post-war period in 1945 to the reunification of Germany in 1990. Cross-country growth equations …

the accumulation of public and foreign debts as well as relatively low overall growth - features that characterize the … exit from the crisis and the resumption of growth. …