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Openness, technology capital, and development

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Openness, technology capital, and development

McGrattan, Ellen R. (contributor); … - 2007

A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy … constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital … is what constrains the number of units it operates using this unit of technology capital. If it has two units of …

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