Table of Contents
Preface ix
Introduction: A Theory of Innovation, Flourishing, and Growth Edmund Phelps 1
Overview of the Chapters Raicho Bojilov Gylei Zoega Hian Teck Hoon 20
I Estimating Innovation-Across Time and Across Nations
1 Innovation: The Source of Rapid Growth Raicho Bojilov 31
2 Sources of Indigenous Innovation and Channels of Its Transmission across Countries Raicho Bojilov 48
3 Indigenous Innovation during the IT Revolution: We Never Had It So Good? Raicho Bojilov 68
II The Roots and Benefits of Innovation
4 A Case Study of Iceland's Successful Innovators Gylfi Zoega 87
5 The Force of Values Gylfi Zoega 105
6 Individual Values, Entrepreneur ship, and Innovation Raicho Bojilov 123
7 Innovation, Job Satisfaction, and Performance in Western European Countries Gylfi Zoega 144
III Two Applications of Robots
8 Growth Effects of Additive and Multiplicative Robots alongside Conventional Machines Hian Teck Hoon 174
9 Wage Effects of Additive and Multiplicative Robots alongside Factory Buildings and Physical Structures Hian Teck Hoon 190
10 Additive Robots, Relative Prices, and Indigenous Innovation Hian Teck Hoon 190
Epilogue Edmund Phelps 201
Notes 207
Acknowledgments 227
Index 229