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In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German producing and service sectors are estimated using a translog cost function. Estimates are based on a pooled time-series cross-sectional data sample for the period 1978-90 and...
Persistent link: https://www.econbiz.de/10011444715
In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German producing and service sectors are estimated using a translog cost function. Estimates are based on a pooled time-series cross-sectional data sample for the period 1978-90 and...
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We offer a macroeconomic assessment of China’s Reform Period, highlighting several neglected channels underlining its … then draw upon our estimated framework to rationalize China’s high and rising savings ratio as well as the dynamic nature …
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