Ates, Sina T.; Saffie, Felipe E. - Department of Economics, University of Pennsylvania - 2013
In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm … strength of this trade-off. In order to study this relationship, we build a general equilibrium endogenous growth model with … framework to two important debates in the growth literature. First, we show that corporate taxation has only a weak effect in …