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interpreted as an indication that the theory provides a reasonable candidate explanation for total factor productivity growth … attainment using the empirically confirmed relationship between the level of education and productivity growth. Decomposing the … theoretical predictions regarding the recent convergence experience in the EU periphery. The good fit of the theory can be …
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In recent decades, the international division of labor expanded rapidly in course of globalization. In this context, highly developed countries specialized on (human) capital intensively manufactured goods and increasingly sourced parts and components from lowwage countries. Since this should be...
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