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productivity growth ; technology indicator ; technology shifter ; OECD countries …
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Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
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proliferation of hi-tech medicine in acute care is clearly at odds with the assumption underlying Baumol's model that productivity …
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