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technological change and productivity growth takes place in an economy. Quite normally, some 30-50% of an industry's productivity … growth is due to this particular mechanism. Disruptions to this mechanism would have considerable effects on productivity …
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This study analyzes trends in specialization of the Finnish industry since the 1980s. Low technology industries, such as pulp and paper, have had traditionally a large proportion of the Finnish industrial output. During the recent decades their share of output has decreased significantly and...
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