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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 … lagging region are the result of learning from the leading region's technologies. Our analysis sheds light on four salient …
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-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
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We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
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