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Creative Destruction, Distance to Frontier, and Economic Development

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We construct a model of creative destruction with endogenous firm dynamics. We integrate the theory into a general equilibrium multi-country model of technological convergence where countries interact via international spillovers. We derive implications for both firm dynamics and aggregate...

Persistent link: https://www.econbiz.de/10012660011

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Endogenous growth and adverse selection in entrepreneurship

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