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Internal Increasing Returns to Scale and Economic Growth

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NBER2007-03-01 更新2025-01-04 收录
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This study develops a model of endogenous growth based on increasing returns due to firms' technology choices. Particular attention is paid to the implications of these choices, combined with the substitution of capital for labor, on economic growth in a general equilibrium model in which the R&D

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2007-03-01
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