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 …

prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …

prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …

This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United … States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …

statistical and quantitative terms. Finally, there is evidence that addressing governance problems and ensuring flexibility in …. -- German Länder ; fiscal policy ; public spending ; public debt ; extreme bounds analysis ; governance. …