This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the … engineers diverged in their growth trajectories over the next century. The results are supported by historical case studies from …

, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …

standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … of the fertility transition, technological progress increased inequality directly through land-biased technological … change and indirectly through increasing population growth. Thefertility transition and the child quantity-quality trade …

When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in … efficiency imposed by thermodynamic laws. In this paper, I develop a growth model that explicitly accounts for endogenous … trigger a full transformation toward green growth. …

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

We analyze the impact of status preferences on technological progress and long-run economic growth. For this purpose … of the quest for status raises the steady-state economic growth rate only if the status-related extra return of shares is … strictly positive. Second, for any given degree of status consciousness, the long-run economic growth rate depends positively …

We analyze the impact of status preferences on technological progress and long-run economic growth within an R … for long-run growth: First, an increase in the intensity of the quest for status raises the steady-state economic growth … consciousness, the long-run economic growth rate depends positively on the relative status relevance of shares issued by entrants …