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This book elaborates a new dependent and localized growth theory based upon knowledge externalities by making two … important contributions. Firstly, it elaborates the hypothesis that total factor productivity growth stems from pecuniary … knowledge externalities that consist in the access to localized external knowledge, at costs that are below equilibrium levels …
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Using data from patents, citations, inter-sectoral sales and customs, we examine the international diffusion of technology through imports of sectoral knowledge and production inputs. We construct measures of the flow of technology embodied in imports. These measures are weighted by...
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This paper analyses the adoption of energy-efficiency enhancing technologies by heterogeneous firms. The fact that energy use does not only cause external environmental costs through pollution, but also directly affects the profitability of the firm and hence its behaviour on input and output...
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Externalities play a central role in most theories of economic growth. We argue that international externalities, in … have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating …
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