A core mechanism of unified growth theory is that accelerating technological progress induces mass education and, through interaction with child quantity‐quality substitution, a decline in fertility. Using unique new data for 21 OECD countries over the period 1750-2000, we test, for the first...

There is growing interest in multisector models that combine aggregate balanced growth, consistent with the well known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...

Artificial Intelligence (AI) is widely regarded as a technology which will impact the future competitiveness of the Germaneconomy. Looking at the research productivity of German scientists and universities in AI, we find that Germany definitively belongs tothe top performers in AI research...

In this paper, we develop a new dynamic model of optimal investments in R&D and manufacturing for a technological leader competing with a large number of identical followers on the market of a technological product. The model is formulated in the form of the infinite time horizon stochastic...

Technological advances of the fourth industrial revolution (4IR) threaten Southeast Asian countries’ industrialization model and expose its workforce to the risk of substitution. Using the Dynamic Pattern Synthesis method to ascertain how Southeast Asian countries are prepared to face these...

The Middle East, as a region, contributes proportionally less to new knowledge generation than other parts of the world. The United Arab Emirates (UAE) has sought to correct this imbalance through efforts to promote a knowledge-based economy and through educational investment. In light of these...

This research analyzes the impact of investment in Research and Development (R&D) and the number of researchers on the economic growth of some of the economies of the Organization for Economic Cooperation and Development (OECD), for the period 1996-2016. A causality analysis in the sense of...

Despite being an empirical fact that structural change is an inseparable companion of the growth process, it appears as if growth theorists have relegated it to a secondary role. One of the reasons for this apparent neglect is undoubtedly the difficulty of dealing with the issues of sectoral...