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In this paper, we examine one channel through which the trade regime might affect growth in the long run. We model endogenous technological progress that results from profit maximizing investments by far-sighted entrepreneurs. Productivity in the research lab depends upon the "stock of knowledge...
Persistent link: https://www.econbiz.de/10012475542
In this paper, we examine one channel through which the trade regime might affect growth in the long run. We model endogenous technological progress that results from profit maximizing investments by far-sighted entrepreneurs. Productivity in the research lab depends upon the "stock of knowledge...
Persistent link: https://www.econbiz.de/10014157897
The endogenous growth literature has stimulated empirical research into links between trade and growth in general and international knowledge spillovers in particular. Results relating to the latter have been mixed and the issue of the appropriate construction of the spillover variable remains...
Persistent link: https://www.econbiz.de/10014082459
Diese Arbeit geht der Frage nach, wie Außenhandel zu Wirtschaftswachstum führen kann. Da anhaltendes … Wirtschaftswachstum nur durch technischen Fortschritt möglich ist, muss Außenhandel deshalb auf die Rate des technischen Fortschritts … wirken um Wirtschaftswachstum beeinflussen zu können. Technischer Fortschritt selbst entsteht hauptsächlich durch die …
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