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We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating...
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unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …
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and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …
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unemployment both in the North and in the South. There are two effects of FDI on unemployment, a direct positive one which … means higher innovation, this intensifies firm turnover and increases the unemployment rates in both countries even further … relation. In addition to FDI, I explore how intellectual property (IP) rights protection affects unemployment and welfare. Both …
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