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This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
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elastically supplied, by credit expansion for example (as Schumpeter observed). Attributing growth to investment, therefore … not support Marx’s notion of an “original accumulation of capital.” Saving and investment must be used when they are made … in physical or human capital. Innovation 1700-2010 pushed the marginal product of all capitals steadily out, and the …
Persistent link: https://www.econbiz.de/10008574606
liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …’éducation, la recherche et l’innovation. Des progrès sont également requis dans d’autres domaines, notamment pour promouvoir des …
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The ever-prospering development of information and communication technology (ICT) in recent years has changed how people conduct communication and their commercial behaviors. A large number of industries, such as semi-conductor and biotech sectors, find themselves in a high-velocity environment,...
Persistent link: https://www.econbiz.de/10010713869
We present an analytical solution to the lab-equipment R&D growth model with an exogenous rate of imitation and apply it to study the optimal level of intellectual property rights (IPR) protection. This has already been studied in Kwan and Lai (2003); however, a mistake in writing out the...
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