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that is correlated with firm size/productivity and one that is essentially permanent to the firm. The paper reports a broad … set of moments describing firm-level investment dynamics and detailed parameter estimates on a country-by-country basis …
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This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal...
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