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A theory of endogenous technical progress: Dynamic Böhm-Bawerk effect and optimal R & D Policy

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The substantial portion of this work was completed while Nôno was at Brown University as a Visiting Professor of Economics for the academic year 1979–1980. The authors gratefully acknowledge support from the National Science Foundation.

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Sato, R., Nôno, T. A theory of endogenous technical progress: Dynamic Böhm-Bawerk effect and optimal R & D Policy. Zeitschr. f. Nationalökonomie 42, 1–22 (1982). https://doi.org/10.1007/BF01288452

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