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by firms subsequently to production operations. We then use the model to investigate how distribution shapes innovation … implications for innovation. The per-unit cost implies that factory-specific productivity improvements cannot sustain steady …
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This paper investigates the dynamics of wages and profits and the influence innovation strategies have on them. The … relationships between innovation, productivity, and distribution are modeled and estimated by employing panel data techniques. Two … European innovation surveys (1994-96 and 1998-2000) are used with data at both the country and industry levels. Innovation is …
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For Kaldor (1972), economic growth is the resultant of a chain-reaction between increases in supply and increases in demand. In order to show the interest of this view, I represent this growth process by an entrepreneurial growth model based on the principle of effective demand. The aggregate...
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