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This paper has three main objectives. First, it examines the level of multifactor productivity (MFP) in Canada relative … capital intensity and MFP in accounting for the labour productivity differences between the two countries. Third, it traces … considerably more engineering construction. Second, most of the differences in labour productivity between Canada and the United …
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This paper constructs a multisectoral general equilibrium growth model based on Marshallian externalities. Using homogenous accumulation and production functions, an analytical solution is derived. Making use of the theory of nonnegative matrices, I discuss the properties of the model and derive...
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