Empirical research has established that there is a significant, positive relationship between productivity growth and R&D- expenditure at the firm level. Yet, while interesting, the conventional production function approach applied in such studies has some well known limitations. This paper...

Empirical research has established that there is a significant, positive relationship between productivity growth and R&D- expenditure at the firm level. Yet, while interesting, the conventional production function approach applied in such studies has some well known limitations. <br> This paper...

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This paper introduces an experimental economy with boundedly rational agents that compete with local, and largely incommunicable industrial knowledge, in an international market environment with more or less unbounded, commercial opportunities. Predictability of outcomes at the micro level is...

This paper introduces an experimental economy with boundedly rational agents that compete with local, and largely incommunicable industrial knowledge, in an international market environment with more or less unbounded, commercial opportunities. Predictability of outcomes at the micro level is...