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This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the...
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results, the industry experienced positive total factor productivity (TFP) growth during the observation period, which is … presence of increasing returns to scale led to efficiency gains of the firms. -- Insurance markets ; Total factor productivity …
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