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This paper analyses the flexibility decision of firms. In particular we (a) ask whether the flexibility choice is influenced by market structure (concentration, market growth, ...), (b) compare the firms' actual choices with welfare maximising flexibility decisions (c) investigate the...
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We employ a recent empirical strategy to estimate country-specific and time-varying total factor productivity (TFP … of productivity in the manufacturing sector remained the prerogative of major developed countries. Thirdly, several … countries succeeded in climbing the ladder through outstanding productivity growth. Fourthly, despite a clear hierarchy in terms …
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In this paper, we present international comparisons of potential output growth among several economies - Canada, the Euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States - for the period 1991-2004. The main estimates rely on a structural approach...
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