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Understanding the factors that may produce a sustained rate of innovation is important for promoting economic â€¦ development and growth. In this paper, we examine the role of human capital in firms' innovation by using a large sample of â€¦ small and medium sized cities. Patent applications are used as the measure of innovation. Human capital indicators used â€¦
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The large regional variation in minimum wage levels in the period 2002-08 in China implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from...
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