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Persistent link: https://www.econbiz.de/10013342452
In this paper we develop a new insight into the infant industry argument for protection, in the setting where entrepreneurs are differentiated by talent. The speed of technological progress depends on the quality of ideas and the incentives to innovate, not on the scale of the industry, and...
Persistent link: https://www.econbiz.de/10013342440
Persistent link: https://www.econbiz.de/10013342453