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We present a Schumpterian model of endogenous growth with General Purpose Technologies (GPTs) that captures two important historical stylized facts: First, from the beginning of mankind until today GPTs are arriving at an increasing frequency and, second, all GPTs heavily depended on previous...
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, innovation and sectoral growth. We find that a stringent reduction target for carbon emissions combined with a CO2-tax leads to …
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innovation, and sector-specific investments. We find that the implementation of Chinese government carbon policies until 2020 … induced innovation, and rising energy prices in the reference case reduces welfare losses significantly. We argue that …
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. The scope for innovation is reduced when we consider direct financial investment in the lab, or elastic labor supply. We …
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innovation with the practices of the wider economy. Using a multi-sector endogenous growth model with in-house R&D and knowledge … spillovers, it is shown, that accounting for the time it takes for an innovation to diffuse modifies this widely-accepted result …
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