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This article examines the effect of inflation and real wages on productivity within a panel unit root and panel … long-run estimates of the effect of inflation and real wages on productivity in the G7 countries over this period. The … article finds that for the panel as a whole a 1% increase in real wages generates a 0.6% increase in productivity, while the …
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the evolution of total factor productivity (TFP) in the country. Using historical time series data (1980-2018), we find …
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