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and GMM estimators utilizing (d) instruments that are tested for both relevance and exogeneity. Estimation in each of the … estimation with imposed cross-equation restrictions and quot;demand-shifterquot; instrumentation yields amp;#963; estimates that …
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for the Italian economy, using a translog cost function specification. Cointegration theory is employed to estimate the …
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This paper compares technologies across space and time on the basis of factual and counterfactual substitution elasticities and argues that differences in estimated substitution elasticities should be decomposed into two counterfactual components. While the first component is designed to...
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