markups are estimated based on a gross output translog production function using popular estimation methods. I find an …

estimation. Even if inputs and outputs are observed in quantities, unobserved quality variation might bias production function … the estimation procedure and provide an application to the European car industry. …

Recent empirical work has established that 'democracy causes growth'. In this paper, we determine the underlying … institutions which drive this relationship using data from the Varieties of Democracy project. We sketch how incentives and … institutions, as witnessed recently in many countries, may jeopardise the perpetual growth effect of becoming a liberal democracy …

von diesem Methodenunterschied indessen nicht wesentlich beeinflusst. -- Kapitalstock ; Aggregation ; Produktionsfunktion …