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Economic efficiency is defined by the obtaining of useful economic effects, provided that material, human and financial resources are used rationally. Thus, in general terms, economic efficiency can be defined as the connection between the useful effects obtained from a certain economic activity...
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spouses in Nicaragua. Using a three-year balanced panel dataset, we refine the approach introduced by Jacoby (1993) and … Kyriazidou (1997) to panel data which mitigates biases not only from some key individual and farm time-invariant characteristics …
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proposed ways to resolve the problem is to use some forms of differences. The third problem involves missing variables; panel …
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