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In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
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innovation, and sector-specific investments. We find that the implementation of Chinese government carbon policies until 2020 … induced innovation, and rising energy prices in the reference case reduces welfare losses significantly. We argue that …
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. The scope for innovation is reduced when we consider direct financial investment in the lab, or elastic labor supply. We …
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