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financially dependent industries. Finally, we show that integration increases the similarity of bank lending fluctuations between …
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profitfunction. Using the distance function to compute banks’ profitability, we take the distance to the frontier of best practices …
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The research reported in this paper seeks to determine how skewed the distribution of profits from technological innovation is - i.e., whether it conforms most closely to the Paretian, log normal, or some other distribution. The question is important, because high skewness makes it difficult to...
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