This study uses the data of China's A-share listed companies and prefecture-level cities to
investigate how digital transformation overcomes enterprise innovation dilemma. It is found …

This paper quantitatively assesses the relative importance of demand and supply factors in
the recent slowdown of US growth. For this purpose, we estimate a DSGE model with …

The macroeconomic experience of the last decade stressed the importance of jointly
studying the growth and business cycle fluctuations behavior of the economy. To analyze …

We develop a stylized two-sector business cycle model with endogenous firm dynamics in
the investment goods sector. The positive correlation between firms profitability and the …

Schumpeterian growth theory based on creative destruction was originally designed for
continuous time innovation and growth models. However, its recently expanding use in …