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In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
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Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based … alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and market structure … institutions; and (iv) the emergence and impact of long-term technological waves. In each case, Schumpeterian growth theory …
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enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing …
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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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