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We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that … opening a region to trade leads to more innovation but to no change in its long run growth rate …
Persistent link: https://www.econbiz.de/10013077098
We analyze the interactions between positive and negative externalities in innovation and trade for economic growth in … is growth in the human capital stock but there are negative externalities in innovation. In this scenario, we show that … opening a region to trade leads to more innovation but to no change in its long run growth rate …
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