Peter Howitt

TL;DR: In this article, the role of competition and market structure, firm dynamics, the relationship between growth and development with the notion of appropriate growth institutions, and the emergence and impact of long-term technological waves.

TL;DR: In this paper, the authors argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful.

TL;DR: In this paper, the authors introduce into Schumpeterian growth theory an important element of heterogeneity in the structure of innovative activity, namely the distinction between research and development, and construct a simple model of growth to investigate how the (steady-state) rate of growth affects and is affected by the relative mix between R&D and other activities.

TL;DR: The authors use Schumpeterian growth theory to account for the divergence in per capita GDP between countries since the mid-19th century, as well as for the convergence that took place amongst the richest countries during the second half of the 20th century.

TL;DR: The authors formalizes the idea of generality of technology in two ways, one related to human capital (skill transferability) and one to physical capital (vintage compatibility) and studies the impact of an increase in these two dimensions of technological generality on equilibrium wage inequality.