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The literature has widely discussed the role of financial and economic uncertainty shocks for the macroeconomy. However, it has turned out to be difficult to isolate these shocks from financial market indicators and uncertainty proxies because any identifying restriction on their response...
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ideas and projects. One of the consequences of the economic crisis is that many companies have reduced their innovation … differences across countries regarding the degree to which the economic crisis has affected firms' innovation investment. It has … been argued that national institutional settings and the structural characteristics of national innovation systems have …
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