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knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with …
Persistent link: https://www.econbiz.de/10011398011
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with …
Persistent link: https://www.econbiz.de/10011401020
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We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10011409970
We provide an outline for viewing the middle-income trap through the lens of the Schumpeterian growth paradigm, which places the notion of creative destruction at the center of economic growth. Economic growth and development come from the interplay between changes in economic structure and...
Persistent link: https://www.econbiz.de/10011723084
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knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zoneʺ where wages increase with …
Persistent link: https://www.econbiz.de/10001595502