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Governments purchase everything from airplanes to zucchini. This paper investigates the role of the technological content of government procurement in innovation. We theoretically show that a shift in the composition of public purchases toward high-tech products translates into higher...
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rearing. Growth dynamics depend in important ways on the externalities associated with knowledge and health. Depending on the … strength of these externalities, increases in government spending on education or health (financed by a cut in unproductive …
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