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Persistent link: https://www.econbiz.de/10001225372
We propose a new measure of total factor productivity (TFP) growth in a general equilibrium setting.It measures by how much the efficiency frontier moves outwards given the availability of primary ressources, the technology and the structure of domestic final demand. Prices are endogenous. We...
Persistent link: https://www.econbiz.de/10005100622