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firms. Our key finding is that standard innovation policies (e.g., uniform R&D tax credits) can accentuate the dynamic …
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This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...
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firms. Our key finding is that standard innovation policies (e.g., uniform R&D tax credits) can accentuate the dynamic …
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explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …
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