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We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in te...
Innovation,Reallocation and Growth
Entry Growth Industrial Policy Innovation R＆D Reallocation Selection Business Ventures
2015/4/28
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in te...