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Functioning markets for technology are an important determinant for the type, scope and distribution of innovation … activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes … structural forces that shape the demand side of markets for technology. In this study, we reason that demand depends on the …
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uses the World Input-Output Database (WIOD) to calibrate intersectoral trade between seven regions and 56 economic sectors …
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