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We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …-determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy and …
Persistent link: https://www.econbiz.de/10013047018
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …-determination of growth and income inequality in both the closed and open economy, as well as the spillover effects of policy and …
Persistent link: https://www.econbiz.de/10012458165
In an economy with imperfect labor contracts, differences in the distribution of talent can be an independent source of comparative advantage. I study a world economy with two activities, one in which an individual's contribution to production can be measured accurately and another in which...
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