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pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1 …
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problem was the slow growth of productivity, caused by the slow growth of the manufacturing sector. And why did that matter …? Because he found that productivity of the manufacturing sector was positively related the growth of the manufacturing sector … central position in this paper, too. -- Hungary ; catching-up ; productivity ; small and medium size firms ; Kaldor's law …
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