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Carlo simulation of suitable probabilistic representations in connection with the respective parabolic boundary value … problem. The methods presented are supported by numerical simulation experiments. …
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We analyze the stagnating productivity levels observable across many Western economies during the last two decades. Relying on techniques to measure total factor productivities (TFP), we provide evidence for a set of 11 OECD countries observed over the period from 1993-2011 that TFP-levels...
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