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studied for a new type of innovation where new technologies reduce emissions of a specific pollutant but at the same time … cause a new type of damage. A robust finding is that the efficiency of permits is affected by monopoly pricing of the patent …-holding firm. This result carries over to other types of innovation. Taxes are inefficient if technologies produce perfect …
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Productivity growth has slowed across most OECD economies since the mid-2000s. While important aspects of New Zealand’s economic performance have improved over this period, productivity growth is still comparatively low. This continues a long-run trend of poor productivity in New Zealand,...
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