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  1. 1 Ekonomický časopis (Journal of Economics)

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  1. 1 Dujava D.

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  1. 1 2013

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INOVAČNÉ PROCESY Z POHĽADU TEÓRIE ENDOGÉNNEHO RASTU

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Dujava D.
Ekonomický časopis (Journal of Economics)
|
2013
|
vol. 61
|
issue 6
618 – 633
EN
We summarize main effects which lead to the innovation rate in real economy being different from social optimum. From the viewpoint of theory of economic growth, it is possible that market subjects innovate less but also more than socially optimal. Intensity of competition is one of the most important determinants of innovation rate. We list main policy instruments which can influence rate of innovation.
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