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patent markets, knowledge spillovers are already internalized to a huge extent. For the output-induced pollution … welfare. However, for the capital-induced pollution specification, internalizing the knowledge spillovers goes hand in hand …
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This paper analyzes the growth and welfare effects of revenue-neutral tariff reform in a small open endogenous growth model with environmental externalities. As is the case in countries that depend primarily on imported energy, the employment of a foreign intermediate good causes negative...
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