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. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
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This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …
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This paper introduces a novel approach for dealing with the "curse of dimensionality" in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10003831142
This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … produced by market R&D activities. -- Endogenous growth ; knowledge spillovers ; R&D ; globalization ; unified growth theory …
Persistent link: https://www.econbiz.de/10003817154