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) and underlying inequality in the distribution of private productive assets. …
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The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of … technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The … capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
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. A series of shocks, especially the fuel and food price crisis of 2008, combined with poor productivity growth in …
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