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This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion: what general patterns characterize the diffusion of technologies, and how have they changed over time?; what are the key drivers of technology?; and what are the macroeconomic...
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This paper demonstrates the countercyclicality of income inequality. Inferences are drawn from a unique model that combines a new Keynesian framework with an endogenous growth mechanism that features a labor-augmenting technology. The income disparity is between high-skill workers who service...
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An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods vis-a-vis...
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question using unique, granular data on innovation investment in R&D and diffusion from a representative survey of German firms …. Our data allows to identify the crisis-induced innovation investment cuts with mean conditional reductions of -65% (R … estimate that a 1% cyclical output drop translates into a -0.3% fall in innovation investment. Firm-level financial constraints …
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