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context of a general equilibrium model of innovation-led growth. In the model, innovation comes from entrant firms creating …
Persistent link: https://www.econbiz.de/10012125472
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. …
Persistent link: https://www.econbiz.de/10012257316
This paper builds on Yang et al (2021) which analysed the effect of wealth inequality on UK economic growth in recent … decades with a heterogeneous-agent growth model where agents can enhance individual productivity growth by undertaking … productivity growth, as argued by some policymakers. The model is estimated and tested by indirect inference. The original model …
Persistent link: https://www.econbiz.de/10015423843
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10014163873
How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both...
Persistent link: https://www.econbiz.de/10012892917
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10009665630
This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
Persistent link: https://www.econbiz.de/10008906821
This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … (quasi-) stasis and an epoch of high growth linked by gradual economic take-off. It is shown how the feedback mechanism can …
Persistent link: https://www.econbiz.de/10003817154
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate … side. The aim of this paper is to give a critical survey of the most important explanations for the ongoing growth …
Persistent link: https://www.econbiz.de/10011789200
growth. International patent data for 40 countries from 1970 to 1985 are used to create proxies for imitation and innovation … both foreign and domestic innovation contribute positively to real per capita GDP growth, foreign technology from developed … countries appears to play a far greater role in growth than domestic technology …
Persistent link: https://www.econbiz.de/10014060678