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This paper focuses on the link between the economic conceptions of rationality and learning. Traditionally, most … economists believe that learning is just a way for agents to become fully rational. But being fully rational cannot describe a … is not the process of learning, but the result of learning: ‘a fully rational agent'. Heterodox rationality conceptions …
Persistent link: https://www.econbiz.de/10010751001
This paper proposes a Bayesian approach to estimate a factor augmented productivity equation. We exploit the panel dimension of our data and distinguish individual-specic and time-specic factors. On the basis of 14 technology and infrastructure indicators from 37 countries over a 10-year...
Persistent link: https://www.econbiz.de/10010899343