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This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is modelled through non homothetic preferences. We show that in such a model, unlike mainstream quality ladders models, the steady state equilibrium is characterised by a duopoly were...
Persistent link: https://www.econbiz.de/10005837179
technology-enhancing activities, in the shape of innovation in the North and of technology transfers in the South. The analysis …
Persistent link: https://www.econbiz.de/10005616813