Frictionless Technology Diffusion: The Case of Tractors
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Empirical evidence suggests that there is a long lag between the time a new technology is introduced and the time at which it is widely adopted. The conventional wisdom is that these observations are inconsistent with the predictions of the frictionless neoclassical model. In this paper we show this
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美国国家经济研究局创建时间：
2003-04-01
