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, infrastructure development, and technological innovation. The results reveal that the impact of innovation-related spending on …
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-qua-non for innovation, change and prosperity. But, is this concept completely wrong? Or is it perhaps relevant for specific parts …
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We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...
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