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This paper analyzes the distribution of technical efficiency within manufacturing industries. Using a representative sample of 35,000 firms in 255 industries of the German cost structure census, technical efficiencies are estimated by applying a deterministic frontier production function with...
Persistent link: https://www.econbiz.de/10002416843
Persistent link: https://www.econbiz.de/10002009009
cost channel theory. Taken together, the results of both panel data and time series analyses imply that the ECB’s low …
Persistent link: https://www.econbiz.de/10011630975