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This paper investigates the effect of market size on innovation activities across different durable good industries in … increase in labour productivity by 6.5% and an increase in the likelihood of a successful product innovation by about 1 …
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This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...
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