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In this paper the Stochastic Frontier approach was used for the estimation and decomposition of manufacturing TFP growth in 14 EU member countries, drawing upon the EU-KLEMS database. This study identifies some key issues: in the period 1970-2005, the TFP rate of change in the EU manufacturing...
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productivity and efficiency. Traditional growth theories focus on the first factor where in developing countries, and especially … in the productivity and efficiency and use of the excess capacity has focused. Therefore, the efficiency analysis of …
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