Good Rents versus Bad Rents: R&D Misallocation and Growth
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Firm price-cost markups may reflect (a) bigger step sizes from quality innovations that confer significant knowledge spillovers onto other firms, and/or (b) higher process efficiency than competing firms or other factors which bear no obvious knowledge externality. We write down an endogenous growth
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美国国家经济研究局创建时间：
2025-09-01
