Impact on the Economy
Abstract
We begin Part III, Impact on the Economy, with this chapter. Having discussed innovation and entrepreneurship at great length in the previous chapters, we now turn our attention to the impact on the economy, more specifically on economic growth. We provide a brief review of a previous work that models the impact of technology and innovation on economic growth, starting with the pioneering work of Solow and bringing it to the present state of the art in accounting for innovation in economic growth models. Entrepreneurship, of course, is a very challenging topic to model.
Keywords
Acemoglu
Aghion and Howitt
Brian Arthur
Cobb-Douglas
Kenneth Arrow
Robert Barrom
Robert Solow
United States, China, and ...
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