This paper develops a theory of the emergence of modern innovation-driven Schumpeterian growth. It uses a tractable model that yields a closed-form solution, consisting of an S-shaped (i.e., logistic-like) time path of firm size and a set of equations that express the relevant endogenous...

We study the interactions between technological change, resource scarcity and population dynamics in a Schumpeterian model with endogenous fertility. There exists a pseudo- Malthusian equilibrium in which population is constant and income grows exponentially: the equilibrium population level is...

This study develops an open-economy Schumpeterian growth model with endogenous takeo⁄ to explore the e⁄ects of exports on the transition of an economy from stagnation to innovation-driven growth. We nd that a higher export demand raises the level of employment, which causes a larger market...