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In a two-country model of endogenous growth with international knowledge spillover, corporate income tax competition reproduces the second-best allocation attained by tax harmonization, despite complex externalities. This stems from the positive spillover effect across the border and free...
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growth spillovers via mechanisms beyond those previously established for R&D. …
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spillovers give rise to both negative and positive externalities. We show that the rationale for public policy intervention is … strengthened where spillovers also have positive effects. This conclusion is based on the supermodularity of the spillover process …
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to assess whether they are substitutes or complements in channelling knowledge spillovers. Results show that all …
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: the paper evidenced the taken-for-granted assumption that knowledge spillovers (KS) are unique assets conveying flows of …
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