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Theory suggests that new market entrants play a special role for the creation of new technological pathways required …
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In this paper we estimate the rate of total factor productivity (TFP) growth in 80 sectors of Brazilian manufacturing industry and use production functions to decompose TFP growth into technological progress and changes in efficiency. We find that growth of TFP was caused, in most sectors, by...
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into entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …
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