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model in which different types of capital are interrelated in both the production and adjustment cost technologies. Our … ignored estimates of the adjustment costs are biased upward, and estimates of factor substitution in production are biased …
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production for the U.S. and Canada. The Ozaki model provides an appropriate empirical framework for analyzing the dynamic path of …. We examine a combination of six different types of linkage between the indices of production. Major questions we study …
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