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This paper estimates potential output and the sources of growth in Chile during 1970-96. Actual output is cointegrated with the quality-adjusted measures of capital and labor, and constant returns to scale cannot be rejected. The estimates of potential output show a positive output gap in the...
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The paper analyses the recent supply side developments in France, Germany, and Italy by employing a non … the pronounced worsening of total factor productivity. The paper is rounded out by estimates of some measures of wage …
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The paper analyses the recent supply side developments in France, Germany, and Italy …
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