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

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the …-house R&D, consistent with the empirical evidence. The equilibrium choice leads to balanced growth featuring persistent …

) document UK intangible investment and (2) see how it contributes to economic growth. Regarding investment in knowledge … intangible expenditure as investment raises market sector value added growth in the 1990s due to the ICT investment boom, but has … less impact on aggregate measures of growth in the 2000s. Regarding the contribution to growth, for 2000-09, (a) intangible …

We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in … static decision to relocate plants but not R&D. Hence, offshoring may be chosen by firms when it damages the growth rate of … is strong. It is also likely to slow growth in sectors in which contractual incompleteness gives a strong bargaining …

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 … rich micro-level productivity growth and patent panel data for the UK, and controlling for the endogeneity of entry by …

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 … inventions on growth is positive. …

consumers, and what the growth potential of these goods is. While, all else equal, the North tends to lose more (or gain less …