The objective of patent rights is to foster innovation and economic growth. However, to date, there is little robust evidence that patents ldquo;workrdquo; as intended. Here, we study the impact of changes in effective patent rights within panels of up to 54 manufacturing industries in up to 72...

In the conventional neoclassical growth model, technical change is generally characterized as “purely labor-augmenting,” a restriction that limits modern civilization to super-humans living in the Stone Age. As a novel and radical departure from conventional growth theory, the model...

This paper seeks to address shortcomings in the growth literature – neoclassical growth theory and growth accounting. Specifically, the paper reformulates our understanding of the process of technical change, so that we view Hicks- and Harrod-neutral technical change as consistent, inseparable...