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competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …
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competitive labor market model. The paper estimates the unemployment elasticity of pay at approximately -0.03, and the profit …
Persistent link: https://www.econbiz.de/10013219306
Countries often spend billions on university research. There is growing interest in how to assess whether that money is well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a method, and illustrate it with modern data on economics....
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