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This book investigates the relation between investment, R&D, and long-run growth. Its first part surveys the literature … economic growth as being driven by the complementary processes of physical capital investment and R&D activity, rather than by … of this study acquires a fundamental understanding of the relation between investment, R&D, and long-run growth. Thus …
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We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …
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