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modelling the innovation and technology adoption process we are able to match some stylized economic facts such as entry rates …
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We construct a model of cyclical growth with agent-based features designed to study the network origins of aggregate fluctuations from a demand-side perspective. In our model, aggregate fluctuations result from variations in investment behavior at firm level motivated by endogenously-generated...
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complex relation between the wage-share and the innovation capabilities of theeconomy. …
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