ITIF:2024年不,市场领导者并没有推动创新和经济活力的下降报告(英文版).pdf |
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EIG’s theoretical model incorrectly assumes that market power and lower rates of innovation, specifically due to a widening productivity gap, are the root causes of detrimental economic trends. Market power due to a widening productivity gap can be economically beneficial. However, evidence suggests that market power is not rising, and increased profits, increased markups, and declining labor share of output have other explanations. A widening productivity gap is not reducing the level of
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