Cappellin, Riccardo - 2016
increase of GDP and an equilibrium of the balance of payment. The model of innovation and investment pulled growth illustrated … investment leads to an increase of GDP, which may be compatible with the constraint of the equilibrium of the balance of payment … developed countries notwithstanding the current slow growth. JEL Codes: E14, L52, O14, O18, O33, Keywords: balance of payment …