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expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
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its various socioeconomic dimensions concludes that nanotechnology is rightly viewed as a key innovation. It can be used …
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In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
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expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10010264503