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This paper offers the first systematic historical evidence on the role of a central actor in modern growth theory - the …
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The paper investigates the mechanics through which novel technological principles are developed and diffused throughout an economy consisting of a technologically heterogeneous ensemble of firms. In the model entrepreneurs invest in the discovery and in the diffusion of a technological principle...
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technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related …
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