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This paper develops and analyzes a macroeconomic model in which aggregate growth and fluctuations arise from the discovery and diffusion of new technologies; there are no exogenous aggregate shocks. The temporal behavior of aggregates is driven by individuals' efforts to innovate and/or make use...
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What drives innovation? How does it contribute to the growth of firms, industries, and economies? And do intellectual … property rights help or hurt innovation and growth? Uniquely combining microeconomics, macroeconomics, and theory with … to the complex process of innovation. By addressing all the major dimensions of innovation in a single text, Christine …
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Christine Greenhalgh explains the complex process of innovation & how it sustains the growth of firms, industries …
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and total factor productivity growth in small and large states in the South. There are three main findings. First …, productivity growth increases with North-South trade-related technology diffusion and education and the interaction between the two … their interaction on productivity growth in small states is more than three times that for large countries, with the …
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