Recent investigations into cross-country convergence follow Mankiw, Romer, and Weil (1992) in using a log-linear approximation to the Swan-Solow growth model to specify regressions. These studies tend to assume a common and exogenous technology. In contrast, the technology catch-up literature...

Recent modelling of endogenous growth allows for both endogenous creation of ideas for new technology through R&D and endogenous accumulation of human capital. This paper extends the literature by addressing two counterfactual predictions and reconsidering the need for a policy trade-off where...

A surprisingly small number of innovative firms use the patent system. In the UK, the share of firms patenting among those reporting that they have innovated is about 4%. Survey data from the same firms support the idea that they do not consider patents or other forms of registered IP as...