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Intellectual property rights protection and endogenous economic growth revisited
An analytical solution to the lab-equipment growth model (Rivera-Batiz and Romer,1991) with an exogenous imitation rate is presented and applied to study the policy tradeoff between weaker levels of intellectual property ...
Money supply and capital accumulation on the transition path revisited
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2010-02-22)
Fischer (1979) and Asako (1983) analyze the sign of the correlation between the growth rate of money and the rate of capital accumulation on the transition path. Both plug a CRRA utility (based on a Cobb-Douglas and a ...