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This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
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We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price … attention has been paid to an appropriate selection of price and productivity data in levels as opposed to indices, and to the …
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Until today, the question of how digitalisation and, in particular, individual digital technologies affect productivity … analytics (BDA) on labour productivity (LP) at the firm level. We find that a simple binary measure indicating the mere usage of …
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