Chen and Dahlman assess the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, they show that knowledge is a...

This article studies the role of technology drivers in catching up at different stages of development. Countries can be at different stages of development when entering in a new catching-up cycle. Thus, the technological drivers of growth [technological capabilities, external spillovers,...

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research and development against established incumbents raises...

Since the mid-1990s, Italy's economic growth faltered, primarily due to sluggish productivity growth. This article investigates the root causes of the slow growth. Firstly, it benchmarks Italy over time vis-à-vis euro area and OECD countries in the area of human capital, product market...

The aim of this paper is to investigate the nexus between demand patterns and innovation as it stems from research efforts and the extent of specialization. In the proposed model an innovation race conducted by entrants investing in research and development against established incumbents raises...

The crisis of international markets following recent events such as terrorist attacks, wars in the Middle East, high public debts, growing financial globalisation and integration have raised an interest in the analysis of country risk among industrialised countries as well as emerging nations....

Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...