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This paper focuses on investment in research and development as a factor of labour productivity and economic growth …. Our analysis confirms the link between expenditure for research and development (expressed in % of GDP) and labour … causal link between variables of the concave parabola was confirmed, and the value of expenditure for research and …
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This paper reviews the empirical literature on rates of return on R&D and interprets the economic significance of these estimates using a semi-endogenous growth model with a calibrated knowledge production sector. We analyse how R&D subsidies, a reduction of entry barriers for start-ups and...
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