Abstract
The economy consists of three sectors. A competitive R&D sector where new ideas are produced, a monopolistic intermediate good sector, where the incumbent monopolist supplies the latest generation of the intermediate good to the final goods sector and finally the final goods sector, in which the consumption goods are produced using the ȝstate-of-the-artȝ intermediate good.
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© 2004 Springer-Verlag Berlin Heidelberg
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Lingens, J. (2004). The Growth Model. In: Union Wage Bargaining and Economic Growth. Lecture Notes in Economics and Mathematical Systems, vol 542. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-17017-1_9
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DOI: https://doi.org/10.1007/978-3-642-17017-1_9
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-21522-6
Online ISBN: 978-3-642-17017-1
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