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Externalities of investment and endogenous growth: theory and time series evidence

โœ Scribed by Alfred Greiner; Willi Semmler


Book ID
117646733
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
148 KB
Volume
12
Category
Article
ISSN
0954-349X

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## Abstract This paper presents a theoretical growth model which explicitly takes into account technological interdependence among economies and examines the impact of spillover effects. Technological interdependence is assumed to operate through spatial externalities. The magnitude of the physical