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This paper examines the implications of income redistribution on human capital accumulation and income inequality, presenting a model where human capital investment is indivisible and agents differ in economic opportunity as well as intellectual ability. It is shown that the impact of...
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-tech production. There are two agglomeration forces: R&D spillovers and backward linkages associated with high-tech production. The … dispersion of R&D activities are possible outcomes. Hosting an agglomeration of R&D activities does not necessarily lead to … welfare gains. -- monopolistic competition ; R&D ; high-tech production ; agglomeration economies …
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of trade liberalizations. -- trade policy ; geography ; agglomeration ; manufacturing ; Indonesia …
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We investigate the dramatic transformation of ownership policies and ownership structure in Sweden during the postwar period. After WWII, Swedish ownership policies were guided by a socialist vision where the ultimate goal was abolition of private ownership. These policies came to an end in the...
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