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structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …
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structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for …
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We present a model where accumulation on non-rival knowledge drives growth but where the scale effect, which may be positive or negative, vanishes asymptotically. This result stems from the interaction between technological differentiation and market structure dynamics. Firms are linked to each...
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