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-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 … labour inputs. Using the sectoral product quality indices obtained from the estimation of the variable coefficient input …
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The creation and effects of social capital have seldom been a target for systematic analysis in orthodox economics. The purpose of the paper is to argue that in order to include social capital, along with physical and human, into economic analysis, we have to regard human preferences as...
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