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Tax policies are a wide array of tools, commonly used by governments to influence the economy. In this paper, we review the many margins through which tax policies can affect innovation, the main driver of economic growth in the long-run. These margins include the impact of tax policy on i) the...
Persistent link: https://www.econbiz.de/10012833487
Persistent link: https://www.econbiz.de/10012226063
Tax policies are a wide array of tools, commonly used by governments to influence the economy. In this paper, we review the many margins through which tax policies can affect innovation, the main driver of economic growth in the long-run. These margins include the impact of tax policy on i) the...
Persistent link: https://www.econbiz.de/10012481692
Persistent link: https://www.econbiz.de/10011962805
Persistent link: https://www.econbiz.de/10012232682
Tax policies are a wide array of tools, commonly used by governments to influence the economy. In this paper, we review the many margins through which tax policies can affect innovation, the main driver of economic growth in the long-run. These margins include the impact of tax policy on i) the...
Persistent link: https://www.econbiz.de/10013307656
Persistent link: https://www.econbiz.de/10013450505
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multiproduct firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10014040575
We study how exploration versus exploitation innovations impact economic growth through a tractable endogenous growth framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to acquire new product lines and exploitation R&D to...
Persistent link: https://www.econbiz.de/10014044573
We build a tractable growth model where multi-product incumbents invest in internal innovations to improve their existing products, while new entrants and incumbents invest in external innovations to acquire new product lines. External and internal innovations generate heterogeneous innovation...
Persistent link: https://www.econbiz.de/10014044574