R&D-based growth models are tested using US data for the period 1953-2014. A general growth model is developed which nests the model varieties of interest. The model implies a cointegrating relationship between multifactor productivity, research intensity, and employment. This relationship is...

This paper gives an overview of the way foresight knowledge is deliberated in policy. It offers also an approach to assess the quality of foresight knowledge generated during foresight exercises. Although "foresight knowledge" is a special case, the idea of having a procedure, approach or method...

This paper offers an approach to assess the quality of foresight knowledge deployed or generated during foresight exercises. Although 'foresight knowledge' is a special case, the idea of having a procedure, an approach or a method available for assessing the quality of knowledge is tempting:...

The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics