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Knowledge-intensive business services and economic growth with endogenous market structure

Huang, Chien-Yu; Ji, Lei - In: Journal of Macroeconomics 38 (2013) PA, pp. 95-106

The Knowledge-Intensive Business Services (KIBS) sector has been growing in the US in the recent decades. KIBS are used to overcome the information friction between intermediate inputs and the input users that is generated by technology improvement. We use a Schumpeterian growth model with...

Persistent link: https://www.econbiz.de/10010875199