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• W2754208032 abstract "Abstract In this paper, by proposing an R&D accumulation law for an economy with an expanding number of firms, I seek to reconcile the following three facts: the positive relationship between the fraction of income allocated to R&D expenditure and growth; the positive relationship between the number of firms and total factor productivity growth; and knowledge as a non‐rival and non‐excludable good. There are scale effects because of the public nature of knowledge, but the economy also grows in the absence of population growth. I find that population growth explains one‐fifth of market income growth but only one‐sixteenth of efficient income growth." @default.
• W2754208032 created "2017-09-25" @default.
• W2754208032 creator A5063422567 @default.
• W2754208032 date "2019-02-06" @default.
• W2754208032 modified "2023-09-27" @default.
• W2754208032 title "How Important Are Scale Effects for Growth When Knowledge Is a Public Good?" @default.
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• W2754208032 doi "https://doi.org/10.1111/sjoe.12273" @default.
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