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polarization in many advanced economies. While mainstream neoclassical and endogenous growth theory cannot sufficiently explain the …-variety model with intermediate goods, and which is frequently used in endogenous growth theory. Even if there are stochastic …
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The paper examines the impact of communication cost reductions on growth and welfare by means of an endogenous spatial growth model. Policy makers having to decide upon transport policies often claim certain policies such as infrastructure investments to have growth stimulating effects that...
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