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’s goals, and on the underlying theory. Using simple examples, this article shows how the aggregation problem complicates tasks …
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technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related …
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Multifactor productivity is a comprehensive measure of productivity where the underlying production function accounts for multiple factor inputs, traditionally labour and produced capital. While single-factor productivity is intuitively simple, such measure offers a biased picture of the economy...
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