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The theoretical framework of urban and regional economics is built on transportation costs for manufactured goods. But over the twentieth century, the costs of moving these goods have declined by over 90% in real terms, and there is little reason to doubt that this decline will continue....
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Motivated by the recent reversal in labor productivity growth, this paper is analyzing the relationship between R …&D expenditures and productivity. Time series data of the German manufacturing industry is used to estimate a variable cost function … expenditures were also declining, the contribution of R&D to productivity growth is currently stagnating at the lowest level since …
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