Empirical equilibrium search models have attracted a growing interest in recent years. Estimation of such models has …

-output structure of the economy. In the econometric estimation of the model the economy has been divided into nine different sectors … based on their technology level and general importance in the Finnish economy. The estimation results show that R&D efforts …&D efforts. Traditionally, the effects of R&D on productivity have been assessed from an econometrically estimated production …