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This paper investigates the effects of employee mobility on industry evolution and technology diffusion by testing a dynamic industry equilibrium model introduced in Franco and Filson (1999). The model focuses on a particular type of employee mobility: researchers can leave existing firms and...
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emphasizes a positive correlation between firm-level innovation and productivity gains. It is unsurprising, then, that policy … makers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is … extensively as a proxy for innovation in the literature. Here, we use a production function approach to estimate the return to R …
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