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-econometric approaches, reliable estimation of the marginal product associated with rising service penetration is possible. On the other hand …-benefit analysis of future investment policy decisions. Consistent with economic theory, the paper finds that the marginal product of …
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The objective of this study is to test empirically the relationship between structural changes (changes in gross value added and employment) and economic growth. We used a panel Granger-causality analysis based on annual data for eight transition countries, covering the period 1995-2011. The...
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The theoretical analysis of structural changes in the context of economic growth has a long tradition. However, studies which analyze the empirical relationship between these two economic categories are still very rare. In the literature, whether growth causes structural changes or the other way...
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