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In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...
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In many growth models, economic growth arises from people creating ideas, and the long-run growth rate is the product of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence from various industries, products, and firms showing that...
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We formulate and estimate a general equilibrium model of innovation-led growth and use it to evaluate the quantitative … implications of individual income tax reforms for innovation and aggregate productivity growth. In the model, innovation comes from …
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