Aghion, Philippe; Fedderke, Johannes W.; Howitt, Peter; … - 2008
+L
∗
)+μ
∗
A
L
∗
(12)
makes clear that for the technology leader innovation will be greater than under the closed economy …
arbitrage equation governing μ
C
:
(1−τ)φ
0
(μ
C
)/δ =(1−μ
∗
C
)L
shows that sectors behind the world technology frontier may be … of
new technology protection (as an inverse of openness) induces a decrease in the level of productivity, and
a
3
≶ 0 …