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of inequality and show that an increase in inequality enhances efficiency and that it is possible to achieve complete … efficiency. Third, we focus on the case where the individual creative capital units are perfect complements and show that the …
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of inequality and show that an increase in inequality enhances efficiency and that it is possible to achieve complete … efficiency. Third, we focus on the case where the individual creative capital units are perfect complements and show that the …
Persistent link: https://www.econbiz.de/10012986624
analysis focuses on two cases. The first (second) case concerns the impact of faster neutral (non-neutral) productivity growth … whether or not faster productivity growth in the tradable sector results in the departure of creative people from this sector … to the non-tradable sector is independent of whether this faster productivity growth is neutral or non-neutral. In …
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We use a dynamic model to study the effects of technology and learning on the long run economic growth rates of a leading and a lagging region. New technologies are developed in the leading region but technological improvements in the lagging region are the result of learning from the leading...
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