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Cover -- Contents -- Series Foreword -- Acknowledgments -- Contributors -- I Introduction -- 1 Arguments for and against Policies to Promote National Champions -- II Analyses in Dynamic Settings -- 2 Some Thoughts on Industrial Policy and Growth -- 3 National Champions and Economic Growth -- 4...
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We analyze how demand conditions faced by a firm impacts its innovation decisions. To disentangle the direction of … causality between innovation and demand conditions, we construct a firm-level export demand shock which responds to aggregate … that this finding of a skewed innovation response to common demand shocks arises naturally from a model of endogenous …
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