Delli Gatti, Domenico; Terranova, Roberta; Turco, Enrico - 2023
' access to new and better capital goods depends on the knowledge gap, i.e., the wedge between the firm's technical knowledge … knowledge diffusion subsequently leading to declining business dynamism. Our findings indicate that the dissipation of knowledge … leads to high market concentration and markups, falling labor share and decelerating productivity only when knowledge …