Macroeconomics Seminar Series. Innovation-driven growth in a multi-country world
Published: 4 March 2024
18 April. Professor Paul Klein, Stockholm University
Professor Paul Klein, Stockholm University
"Innovation-driven growth in a multi-country world"
Thursday, 18 April. 3 p.m.
Room 355 Gilbert Scott Building
Abstract
We develop a multi-country model of endogenous growth through innovation. The key feature of the model is that some ideas are globally applicable, while others are of local use only. Each country consists of a number of locations. There are innovation spillovers across locations and therefore across country borders. We argue that this model is both inherently plausible and consistent with an important set of growth facts.
For instance, by computing a transition, we show that the model is capable of replicating a protracted decline in measured research productivity in the rich part of the world.
Bio
Professor of Macroeconomics, Stockholm University since 2015. Previously a faculty member at the University of Western Ontario, the University of Southampton and Simon Fraser University.
For further information, please contact business-school-research@glasgow.ac.uk
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First published: 4 March 2024
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