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To date, empirical investigations of trade liberalization under the conditions of increasingreturns to scale (IRS) and imperfect competition (IC) have either assumed or imposed themarket and productive structures necessary for such a model. However, of the recent IRS/ICmodels used to simulate...
Persistent link: https://www.econbiz.de/10009360518
International trade, as a major factor of openness, has made an increasingly significantcontribution to economic growth. Chinese international trade has experienced rapidexpansion together with its dramatic economic growth which has made the country to targetthe world as its market. This...
Persistent link: https://www.econbiz.de/10009360582
In the literature technical change is mostly assumed to be exogenous and specified as afunction of time. However, some exogenous external factors other than time can also affecttechnical change. In this paper we model technical change via time trend (purely externalnon-economic) as well as other...
Persistent link: https://www.econbiz.de/10009360600
This paper examines the change in operating and financial performance of Swedish firmsthat were either partly or fully privatized during the period of 1989-2007. Two differentmethods are used to empirically investigate the performance of privatized firms. First,accounting data prior to and after...
Persistent link: https://www.econbiz.de/10009360652