Endogenous growth theory, however ... new knowledge as a side effect of that investment in K. Thus, in Arrow's model, increases in A are free as no one directly pays for them.

Endogenous growth theory is a fine example of that ... “Romer built a formal economic model in which technological change was the outcome of intentional investments by economic agents rather than ...

The Growth Lab's Research Seminar series is a weekly seminar that brings together researchers from across the academic spectrum who share an interest in growth and development.

flexible price models, New Keynesian economics (sticky prices), inflation; International macroeconomics: international trade, money in open economy; Economic growth: Malthus and Solow growth models, ...

First, we develop an endogenous growth model that incorporates firms' R&D investment and distorted exit decisions. The model shows that the exit of firms in the market equilibrium is inefficiently ...

Economic growth: Neoclassical Growth Model, Optimizing Behaviour in dynamic models under certainty, Endogenous Technological Change, Imitation and Convergence, Growth and Development Accounting, ...