five

Endogenous Technological Change

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NBER1989-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3210
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Growth in this model is driven by technological change that arises from intentional investment decisions made by profit maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good
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1989-12-01
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