This paper analyzes equilibrium, dynamics, and optimal decisions on the factor bias of
innovation in a model of induced innovation. In a model with full employment, we show that …

This paper establishes theoretical relations between the level of unemployment and the
economic growth rate. In a model with a monopolistically competitive manufacturing sector …

Robert Solow received the Nobel Prize in economics in 1987, and his contributions to
growth theory, productivity, and short run macroeconomics have influenced an entire …

This paper discusses in the context of a fully specified model Hagen's argument that
technological innovation increases unemployment, tends to immiserate, and increases the …

In a neoclassical framework one can argue that unemployment can be reduced by means of
institutional changes that allow for a better working of the labour market nd, notably, by …

This book is an important addition to what can be broadly referred to as the national systems
of innovation (NSI) approach. The particular contribution of the book is in the examination of …

This paper studies the interaction between growth and unemployment. The effect of growth
in the form of technological progress on unemployment is a question that has preoccupied …

The impact of long-run productivity growth on unemployment is studied. We incorporate
disembodied technological progress and on-the-job search into the endogenous job …

We build an endogenous growth model with automation (the replacement of low-skill
workers with machines) and horizontal innovation (the creation of new products). Over time …

This paper extends the seminal creative destruction growth model of Aghion and Howitt
[Econometrica 60 (1992) 332] to investigate the relationship between unemployment and …