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The importance of innovation for the economic performance of industrialized countries has been largely stressed … innovation, is the key parameter in determining sustained growth in a model with endogenous technological change. This paper … takles the extremely important task of identifying and estimating a production function of innovation for European regions …
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To better understand the complexities of industrialtechnology, an examination of existing research and development (R&D)growth models is conducted and a new model is provided. Industrial technologyis composed of three elements: a fundamental technology base, proprietarymarket applications...
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regions. -- Regional Economics ; Technology Transfer ; Innovation ; Endogenous Growth …
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