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The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth -- even when these technologies replaced considerably less productive tangible technologies -- because of structurally low interest rates caused by demographic forces. This insight is...
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global system of intellectual property rights may seriously limit the biodiversity of capitalism and imply a global revenge …
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"In contemporary global capitalism, the most powerful corporations are innovation or intellectual monopolies. The book … ends with provoking reflections to tilt the scale against intellectual monopoly capitalism and arguing that desired changes … capitalism, with a particular focus on asymmetries between actors, regions and topics. In fact, its topical issue broadens the …
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In a panel of OECD and emerging economies, I find that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are...
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