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We focus on a region that is creative in the sense of Richard Florida. The creative class is broadly composed of existing and candidate entrepreneurs. The general question we analyze concerns the effects of Schumpeterian competition between existing and candidate entrepreneurs on economic growth...
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Does the growth of creative industries within a city yield both agglomeration effects (Marshallian externalities) as well as spillovers to the rest of the economy (Jacobian externalities, related to the novel combinations that can occur in cities with diversifted economic activities)? Most of...
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Batabyal and Yoo (2019) have recently obtained a significant result in their analysis of the use of utilitarian and Rawlsian policies by two cities to attract the creative class. They show that if one city switches to a Rawlsian or more egalitarian objective when the other city remains...
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Using the theory of the adjacent possible (TAP), we describe a recombination process, agent epistemology, and the … salience of heuristics over traditional rational choice, improve upon modern growth theory, further the understanding of the …
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