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This paper examines the impact of investment in knowledge-based capital on firm productivity. The analysis is based on … investment in knowledge-based capital which include expenditures on R&D, and on non-R&D intangible assets such as computer … and above other factors, an increase in investment in knowledge-based capital of 10 per cent increases firm productivity …
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A structural model of entry and fiscal policy is presented. It shows that taxation of variable production costs can increase product prices, lower competition, and reduce the availability of new products in small markets. The model's test is based on a unique nationwide fiscal experiment. We...
Persistent link: https://www.econbiz.de/10011411458
Several developing countries impose high tariffs, directly or indirectly, on imports of manufactured goods such as vehicles and machinery. In many cases governments argue that they need such policies to protect domestic manufacturing industries from foreign competition while simultaneously...
Persistent link: https://www.econbiz.de/10012132010
"This highly original book develops a systematic zero-net-profit comparative statics theory of the firm that challenges … many widely held views in microeconomics. It builds a bridge between the marginalist long-run theory of the firm and … Sraffian theory to create a unified theoretical framework that explains how firms react to exogenous shocks resulting in new …
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