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In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...
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Peer effects in innovation adoption decisions have been extensively studied. However, the underlying mechanisms of peer … externalities-in the adoption of an agricultural innovation. By referring to the diffusion process of a new crop in Chinese villages … effect in the system caused the diffusion of innovation to vary around a middle-level rate, which resulted in a fluctuating …
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