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We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
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In this contribution we offer a broad overview of the technological, institutional and policy dynamics associated with the great transformation - borrowing Karl Polanyi (1944) expression - leading from traditional, mostly rural, economies to economies driven by industrial activities (and...
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