We examine the contribution to labor productivity growth in manufacturing sector of investment different intangible asset categories—computerized information, innovative property, and economic competencies—for a set 18 European countries between 1995 2017, as well whether this varies groups countries. The motivation is go step further identify which single or combination assets are relevant. ma...

Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century. In order to resolve this problem we integrate R&D-based innovations into a unified growth framework with micro-founded fertility and schooling behavior. The mo...

Entrepreneurship, growth and total factor productivity are larger when there is a financial bubble. We explain these facts using model with bubbles in which individuals face heterogeneous wages returns on productive investment. The heterogeneity the return of in- vestment separates between savers entrepreneurs. Savers buy assets, deposits or Entrepreneurs incur start-up cost borrow to invest ca...