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The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
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Estonia can revitalise productivity growth and reap more benefits from its openness. Productivity is relatively low in … transfer. Building on Estonia’s favourable business environment, productivity growth could be raised by promoting smart …
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