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innovative activity, leading to higher multi-factor productivity. This paper begins with a short review of Australia’s growth … expected to have particularly large impacts. The implications of trade liberalisation on Australia’s economic performance and … recommendations. This Working Paper relates to the 2005 OECD Economic Survey of Australia (www.oecd.org/eco/surveys/australia). …
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This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
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