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market frictions and the German tax and benefit system. We find that in the absence of Germany's public long-term insurance …
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growth accounting, different estimates of total factor productivity emerge. The methodological difference, however, does not …
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In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U ….S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm …
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Organisation capital is one of the key intangible assets of firms, driving innovation and firm performance. Measuring this asset has been notoriously difficult, however. Differently to other intangible assets, firms do not build up organisation capital primarily by monetary investment but rather...
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