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turn, the high income (low employment) ones are more sensitive to the wage-productivity gap, and thus to the strategy that … fostering capital accumulation and labour productivity (which, in turn, reduces the ULC), regionally-targeted soft credit lines …
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turn, the high income (low employment) ones are more sensitive to the wage-productivity gap, and thus to the strategy that … fostering capital accumulation and labour productivity (which, in turn, reduces the ULC), regionally-targeted soft credit lines …
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Many recent studies exploring conditional factor demand or factor substitution issues use firm level panel data. A considerable number of establishment panels contains no direct information on the capital input, necessary for production or cost function estimation. Incorrect measurement of...
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