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Trade and the accumulation and diffusion of knowledge (Английский)

The author examines the properties of a dynamic disequilibrium model focused on trade specialization and the accumulation of knowledge. Steady state analysis shows that: a) under perfectly balanced growth international diffusion of knowledge is irrelevant for growth; and b) under unbalanced growth, the process of structural change may be enhanced by the effects on the domestic accumulation of knowledge of domestic spillover. The growth of foreign ...
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