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We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …
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constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …
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Knowledge triggers regional growth. Evidence suggests that skilled labor force concentrates in islands of innovation … increasing returns to knowledge, favoring the emergence of islands of innovation; regions with a high endowment of cognitive …
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We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the …
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We theoretically study the impact of two innovation policies on economic growth in a region that is creative in the …
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