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Understanding the morphogenetic (creative destruction) nature of economic systems is crucial for modelling economic growth and analysing traverse. Prof. Zambelli's contribution to endogenous growth theory by harnessing the Turing Machine (TM) metaphor to intrinsically encapsulate the...
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The interaction between trade liberalisation, product and process innovation, and relative skill demand is analysed in a model of international oligopoly. Lower trading barriers increase the degree of foreign competition. The competing enterprises respond by investing more aggres- sively in...
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For a market of horizontal product differentiation, the paper examines the effects of the level of competition on the firm's decision between a product and process innovation. When firms have to choose between the two types of innovation, it is demonstrated that both firms undertake the product...
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"Learning-by-doing" is usually identified as a process whereby performance increases with experience in production. The paper investigates different patterns of "learning by doing", studying learning curves at product level. Cost-quantity relationships differ a lot across products belonging to...
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