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This paper examines the effects that purchased services and imported intermediate materials have on the labour demand for different skills in the manufacturing sector. We derive and estimate a factor demand system based on the generalised Box-Cox cost function nesting both the normalised...
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This paper examines the influence of capital accumulation and imports on the relative demand for skilled and unskilled labour in Hungary between 1980 and 2002. Historical data shows that both relative employment and wages of skilled labour were favourably influenced by the changes of the past...
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We argue for a shift in the focus of modeling production from the traditional assumptions of profit maximization and … the analysis of production and recover value-maximizing technologies. We show how this shift can be implemented using the … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …
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