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In this paper we explore how innovation and structural change affected economic development in the long run, by which … consumers could purchase the new, higher quality, non necessities, goods and services generated by innovation. In the paper we …
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This paper identifies the varieties and dynamics of service economies in Europe, analysing the role of knowledge base and innovative efforts and their evolution across time and countries. Results based on aggregated macroeconomic data indicate that there is no convergence trend towards a single...
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