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the new results it proposes. In line with endogenous growth models with innovation , we define an innovation function of …
Persistent link: https://www.econbiz.de/10005706717
which a firm will succeed in imitating a higher productivity technology or in introducing a superior innovation is … of information diffusion, effectiveness of innovation (as measured by the likelihood to find new, better technologies …
Persistent link: https://www.econbiz.de/10005345602
Over the years, optimal taxation has been extensively discussed, and a major focus has been on the question of whether the optimal capital income tax rate is zero in long-run equilibrium. This paper addresses this issue in the context of a model of vintage capital with technical change and the...
Persistent link: https://www.econbiz.de/10005132687
This paper analyses the sectoral specialisation mechanisms and their effects on growth rate differences providing an alternative approach to endogenous growth processes. The framework developed relies on a Kaldorian growth model with evolutionary micro-founded technical change. The paper...
Persistent link: https://www.econbiz.de/10005706534
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, a model of optimal adoption of e-commerce innovation is presented. In this model web companies are assumed to behave in … an imitative way: facing an innovation of uncertain profitability, they perceive the adoption decisions of other e … directional graph. Finally, the paper presents an algorithm that describes and computes the propagation of innovation in such a …
Persistent link: https://www.econbiz.de/10005345617
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