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We incorporate shocks to the efficiency with which firms learn from production activity and accumulate knowledge into … with current TFP, a role usually played by preference shocks. At the same time, knowledge capital acts like an endogenous …
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We incorporate shocks to the efficiency with which firms learn from production activity and accumulate knowledge into … with current TFP, a role usually played by preference shocks. At the same time, knowledge capital acts like an endogenous …
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that we are moving towards a knowledge economy driven by human capital, technological progress and digitalization. However …
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