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Recipes and Economic Growth: A Combinatorial March Down an Exponential Tail

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NBER2021-01-01 更新2025-01-04 收录
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New ideas are often combinations of existing goods or ideas, a point emphasized by Romer (1993) and Weitzman (1998). A separate literature highlights the links between exponential growth and Pareto distributions: Gabaix (1999) shows how exponential growth generates Pareto distributions, while Kortum

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2021-01-01
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