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R&D, Investment and Industry Dynamics

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NBER1992-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4060
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We present a model of industry evolution where the dynamics are driven by a process of endogenous innovations, followed by subsequent embodiments in physical capital. Traditionally, the only distinction between R&D and physical investment was one of labeling: the first process accumulates an
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1992-04-01
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