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Transitional Dynamics in Aggregate Models of Innovative Investment

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NBER2018-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25321
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What quantitative lessons can we learn from models of endogenous technical change through innovative investments by firms for the impact of changes in the economic environment on the dynamics of aggregate productivity in the short, medium, and long run? We present a unifying model that nests a
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2018-12-01
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