(Answered) 1 if total factor productivity growth were based solely on

Management Studies

1. If total factor productivity growth were based solely on domestic invention and innovation, divergence in GDP per capita across countries would be likely proceed very rapidly, since rates of invention and innovation are highly skewed across countries. What force tends to keep divergence in GDP per capita lower than this scenario would imply? How?

2. What might be a drawback of infinite-duration intellectual property protection? What might be a drawback of no intellectual property protection?

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Business Management, Management Studies

Category:- Business Management
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