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From an empirical perspective, this paper critically examines the concepts of returns to scale (RTS) and economies of scale (EOS), and argues that the concept of EOS is more relevant and broader enough to exhibit proper scale economies behavior of firms. Two approaches, i.e., production function...
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labour productivity and its determinants, based on an unbalanced panel of 64 non-oil-producing countries, over the period … labour productivity dynamics. From methodological standpoint, we try to reduce the risk of model mispecification in the … results indicate, that ageing of the working-age population depresses labour productivity growth; negative impact of …
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