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Technology is a key element for long-term growth and economic development. Given the stark concentration of innovation … into an innovation club, an imitation club whose members are capable of absorbing technologies developed by the former and …
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This paper quantitatively investigates the short- and long-run effects of liberalizing global migration on the world … distribution of income. We develop and parametrize a dynamic model of the world economy with endogenous migration, fertility and … are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases by …
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