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-biased technical change for the flattening of productivity growth and effects on hours worked. The results show that more than 60 … percent of the slowdown in productivity growth in Germany since the early 2000s can be explained by the SBTC development …
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How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
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direct investment, imports of productivity-enhancing technology - are petering out, and are yet to be substituted. We propose …
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