Gersbach, Hans; Schetter, Ulrich; Schneider, Maik T. - 2013 - This version: February 2013
entrepreneurs it also affects the entire economy: occupational choices of potential entrepreneurs, wages of workers, dividends to … shareholders, and aggregate output. We show that the general economy impact of basic research rationalizes a pecking order of … shares of final good producers in the economy. In such circumstances, stagnation may prevail. …