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This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market frictions and heterogeneous firms. When credit market conditions are sufficiently weak, low interest rates permit the government to run Ponzi schemes so that permanent primary...
Persistent link: https://www.econbiz.de/10010465165
efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily …
Persistent link: https://www.econbiz.de/10011906240
Persistent link: https://www.econbiz.de/10003924127
influence on productivity can be compensated by efficiency gains. The findings indicate an increase in real unit labor cost as a … observed for the majority of the theaters which implies that significant efficiency gains can be realized by the exploitation …-disease ; efficiency ; stochastic frontier analysis …
Persistent link: https://www.econbiz.de/10003968709
Policies that impact the production sector, such as intermediate goods taxation (e.g. taxing robots) and trade liberalization create winners and losers. When do we need to integrate pre-distribution concerns in the design of these production policies? Should we consider the endogenous changes of...
Persistent link: https://www.econbiz.de/10014543834