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-- COMPETITIVENESS: THE FIRST PRIORITY FOR FUTURE AMERICAN PROSPERITY -- The Impact of Technological Innovation: A Historical View -- THE …-RUN ADJUSTMENTS -- CONCLUSIONS -- NOTES -- The Effect of Recent Macroeconomic Policies on Innovation and Productivity …
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and trade is costly. The paper integrates firm heterogeneity and trade into product innovation growth models from …
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We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
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We analyze the differential growth effects of basic research, applied research, and embodied human capital accumulation in an R&D-based growth model with endogenous fertility and endogenous education. In line with the empirical evidence, our model allows for i) a negative association between...
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