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Business/Investing Innovation and Growth in the Global Economy
Posted on 2010-03-15
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More Innovation and Growth in the Global Economy Traditional growth theory emphasizes the incentives for capital accumulation rather than technological progress. Innovation is treated as an exogenous process or a by-product of investment in machinery and equipment. Grossman and Helpman develop a unique approach in which innovation is viewed as a deliberate outgrowth of investments in industrial research by forward-looking, profit-seeking agents. RS Mirror:-> http://rapidshare.com/files/124090964/rtrhjj.rar
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