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Multifactor productivity (MFP) is increasingly used in economic policy, not least to compute potential output. Most measures are based on a standard production function combining labour and capital, but do not incorporate the negative by-products of the production process such as air pollution...
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It appears to be common wisdom that the basic cause of Thailand's crisis is its extraordinarily weak financial …-term performance of Thailand's financial system is favorable. The insight from moral hazard indicators is unexpected regarding the bad … explained in a framework of system change than by bad banking in Thailand. …
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