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Increasingly sophisticated machinery, short product life-cycles, and demanding user requirements have increased competition in the machine tool market. Because all machine tool companies have limited resources, they must seek competitive advantages. Strategic collaborations have become...
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The celebrated Uzawa(1961) theorem holds that,on the steady-growth path of neoclassical growth model,technological progress must be purely labor-augmenting rather than capital-augmenting,except the special case where the production function takes the form of Cobb-Douglas. With an augmented...
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