Macro Innovation Dynamics and the Golden Age

Viac o knihe

Focusing on sustainability and optimal growth, the book examines neoclassical growth theory through the lens of China, the US, and Europe. It highlights the significance of innovation, foreign direct investment, and trade dynamics in modern economies. By linking a knowledge production function to macroeconomic models, it reveals how FDI, research activity, and per capita income influence knowledge creation. This Schumpeterian approach provides valuable policy insights for OECD nations and newly industrialized countries, emphasizing the importance of green growth and economic development.