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Unformatted text preview: lead to specialization, new products and more trade, hence more research and development (R&D). 2. Embodied technology and positive externalities (Romer’s One Sector Model) 3. Human Capital Accumulation (Lucas Two Sectors Model)...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.
- Spring '11