This paper aims to examine the relationships between inequality and growth, emphasising the role of a product market, its market structure and technological innovation.

The present paper deals with the diffusion of the General Purpose Technologies (GPT) over heterogeneous finanl-good sectors. We show that the gradual adoption of the GPT by each user sector generates a sequence of two-phased cycles, culminating in a "second wave" after all sectors adopt,they...

This study focuses on the process of technology catch-up and competitive advantage creation, drawing on the successful experiences of Japan, Korea, Singapore, Taiwan, and Hong Kong -- the newly industrialized countries (NICs). It shows how the NICs countries have exploited the opportunities made...

The dominant view in the recent literature on regional convergence seems to be that the evolution of regional incomes in the industrial countries is characterized by very slow but absolute beta convergence. In this paper we challenge this view on the basis of an analysis of the Spanish...

This paper analyzes the macroeconomic effects of the patent system within the framework of an endogenous growth model with new products development. We assume that patents not only represent a commercial protection for innovators but also entail a partial property right on information.

The revival of interest in economic growth and technological leadership issues has resulted in the re-examination of the theoretical foundations of the economics of growth. The neoclassical concerns with steady state paths and neo-Keynesian focus on short-term issues have remained intact in this...

The endogenous growth models of Lucas (1988) and Uzawa (1965) that rely on a formal training technology to generate growth, and the endogenous technologiacl change model of Romer (1990) fit the long-run secular growth path of the US economy equally well. However, the Romer model yields...

We present a model of endogenous institutional change that rationalizes reforms that have taken place in the context of economic crisis and drastic political change. Most of these reforms have been initiated by powerholders, even though they have ended worse-off relative to the status quo. The...