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hypotheses in the data for Germany, Japan and the United States. …
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hypotheses in the data for Germany, Japan and the United States. …
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In this paper we use a model of vertical product differentiation to cast doubt on the general validity of the import demand function as specified in macroeconomic models. The empirical importance of our theoretical concerns is then established. According to our first hypothesis, the share of a...
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hypotheses in the data for Germany, Japan and the United States …
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