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We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …. The model for firm growth is a partial equilibrium model drawing on the quality ladder models in the macro growth …
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This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … and an epoch of high growth linked by a gradual economic take-off. It is shown how the feedback mechanism can explain the … ; Endogenous Growth ; Knowledge Diffusion ; Productivity Slowdown ; Convergence ; Divergence …
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