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, innovation, and growth interact with one another. The paper finds that migration always enhances the rates of innovation and … growth of the receiving economy, but implementing pro-innovation policies in the receiving economy does not lead to more … to adjust endogenously, the paper finds that implementing pro-innovation policies in the receiving economy shrinks …
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); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …
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); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are …
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We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay between changes in economic structure and...
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