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| Author: | Eeckhout, J. Jovanovic, B. |
| Title: | Knowledge spillovers and inequality |
| Journal: | American Economic Review
2002 : DEC, VOL. 92:5, p. 1290-1307 |
| Index terms: | INEQUALITY KNOWLEDGE PRODUCTION |
| Freeterms: | SPILLOVERS |
| Language: | eng |
| Abstract: | The authors develop a dynamic model with knowledge spillovers in production. The model contains two opposing forces. Imitation of other firms helps followers catch up with leaders, but the prospect of doing so makes followers want to free ride. The second force dominates and creates permanent inequality. |
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