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Purpose China's economic transition is essentially the process of China's institutional changes. During the changes … paper is to show that the fitful appearance of institutional innovation is the root of China's economic growth and … China's institutional changes quantitatively. Findings By comparing the characteristics of the actual economic data with …
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A growing literature investigates how firms' innovation input reacts to changes in the business cycle. However, so far there is no evidence whether there is cyclicality in the effects of innovation on firm performance as well. In this paper, we investigate the employment effects of innovations...
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