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There is a commonly held notion that higher fixed investment allows one to have it all — a higher labour productivity … accumulation has led to a decline in total capital productivity with resulting pressures on capital returns - which have been … aimed at boosting total factor productivity through innovation and diffusion of technological progress so that gains in …
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The war in Ukraine has exacerbated pre-existing production problems in manufacturing networks originating from the coronavirus pandemic. Material shortages are compounded by uncertainties about sufficient energy supplies. Above all, energy has become more expensive for European industrial...
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Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows that, at least in the case of the oil-importing developing countries, the negative effects have been overestimated. In fact, in some respects the oil...
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