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Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...
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by investments from abroad. As predicted by theory, a positive relationship between TFP and FDI is documented. The effect …
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Bulgaria for the period 2004-2013. As predicted by theory, a positive relationship between TFP and FDI is documented. The …
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This paper describes FiFoSiM, the integrated tax benefit microsimulation and CGE model of the Center of Public Economics at the University of Cologne. FiFoSiM consists of three main parts. The first part is a static tax benefit microsimulation module. The second part adds a behavioural component...
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This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …
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