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A dynamic model featuring a stochastic technology frontier shows significant impact of technology adoption for asset prices. In equilibrium, firms operating with old capital are riskier because costly technology adoption restricts their flexibilities in upgrading to the latest technology, making...
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This paper presents the results of an impact evaluation for the CRIAR program, implemented in rural areas in Bolivia. The objective of this program is to increase the agricultural income and food security of smallholder farmers through productivity gains that result from technological adoption....
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