Cozzi, Guido; Impullitti, Giammario - Department of Economics, Adam Smith Business School - 2008
In this paper we argue that government spending played a significant role in stimulating the wave of innovation that …-size of innovative firms, functions as a de-facto innovation policy tool. We build a quality-ladder non- scale growth model … innovation that hit the U.S. economy in the late 1970s and in the 1980s, as well as the
simultaneous increase in inequality and …