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We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...
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The classical Wage Fund (Capital or Credit) framework is integrated with the simplest text-book version of the Ricardian model of comparative advantage, generating a model that replicates important features of the neo-classical production theory involving capital and labour without neo-classical...
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This advanced text successfully links the two fields of trade theory and economic development. It combines mathematical rigour with an exceptional breadth of approaches, including institutions, history and comparative economics. Uniquely, the book focuses not only on countries participating in...
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-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …
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Diese Arbeit geht der Frage nach, wie Außenhandel zu Wirtschaftswachstum führen kann. Da anhaltendes … Wirtschaftswachstum nur durch technischen Fortschritt möglich ist, muss Außenhandel deshalb auf die Rate des technischen Fortschritts … wirken um Wirtschaftswachstum beeinflussen zu können. Technischer Fortschritt selbst entsteht hauptsächlich durch die …
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