Paris Map Tourist Attractions on Romer (1990), P.Aghion and P.Howitt (1992), and C.Jones (1995), among others, have contributed to our understanding of the unique nature of technological goods and services by constructing economic models in which the production and dissemination of technology/information by private firms results in increased aggregate output and economic growth.
The effect of R&D growth models in the economics literature is so great that these models are an integral part of teaching at the undergraduate and graduate level.
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In addition, understanding the economics of information technology using R&D growth models is now a common practice in the literature and a hot topic among economics researchers. Potential costs associated with the information revolution.
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