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Conventional techniques for estimating the elasticity of substitution between capital and labour in the production process typically focus on factor-demand equations. An implicit assumption in this approach is normally that the markup is stationary. But that may not be true. This paper considers...
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While research and development expenditures are considered a key to productivity growth and development, the question … positions in global value chains. In this paper we analyse the relative contribution of R&D to the efficiency (productivity) on … function approach. The results indicate that R&D capital productivity enhancing effect increases with the level of technology …
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A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined …
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