I examine the e¤ect of age-distribution of the society on economic growth through technological progress. I build a multisector economy model that involves population pyramid. I characterize the steady-state of the model for low and high population growth rate. Higher population growth rate yields faster TFP and output growth in the long-run. I analyze dynamic behavior of the economy. I calibra...

Why did the stock market decline so much in the early 1970’s and remain low until the early 1980’s? We argue that it was because information technology arrived on the scene and the stock-market incumbents of the day were not ready to implement it. Instead, new firms would bring in the new technology after the mid-1980’s. Investors foresaw this in the early 1970’s and stock prices fell right awa...

The success of global climate policies over the coming decades depends on the diffusion of ’green’ technologies. This requires that international environmental agreements (IEAs) and trade-related intellectual property rights (TRIPs) interact productively. Using a simple and tractable model, we highlight the strategic reduction in abatement commitments on account of a hold-up effect. In anticipa...

Pressure to change business education is rising. Lectures, where students listen to an expert academic should be the exception rather than the rule. A reliance on passive learning tasks reflects an informationtransmission concept of teaching which produces inferior learning outcomes. Incorporating new learning and assessment tasks can improve learning outcomes. Since technology is one source of...

This paper presents an empirical estimation of a catastrophe model of organizational adoptions of a high technology product when network externalities are present. As such, it integrates work from the economics literature and the catastrophe literature to provide a broader look adoptions issues. Additionally, it is one of the few empirical studies we are aware of that attempt to model organizat...

A transition toward a sustainable circular bioeconomy requires drastic changes across broad range of industries and their stakeholders. The current slow pace with which society tries to avert the transgression critical thresholds planetary system is worrying. However, historical case shipping industry in 19th century shows how suddenly whole can change after long period low innovation activity ...

This paper proposes a tractable model to study the equilibrium diversity of technological progress and shows that equilibrium technological progress may exhibit too little diversity (too much conformity), in particular, foregoing socially bene…cial investments in “alternative”technologies that will be used at some point in the future. The presence of future innovations that will replace current...

Around 3 billion people in developing countries rely on woodfuels for their daily cooking needs with profound negative implications for their workload, health, and budget as well as the environment. Improved cookstove (ICS) technologies in many cases appear to be an obvious solution. Despite continuous eff orts of the international community to disseminate ICS, take up rates in most developing ...