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Endogenous Innovation in the Theory of Growth

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NBER1993-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4527
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This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that
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1993-11-01
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