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This paper examines the connections of structural change and economic openness to labour productivity growth using a panel data set of 41 countries in sub-Saharan Africa for the period 1991-2015. A dynamic panel model of cross-country productivity growth is estimated using the least squares with...
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A typical (roughly) two-digit industry in the United States appears to have constant or slightly decreasing returns to scale. Three puzzles emerge, however. First, estimates often rise at higher levels of aggregation. Second, apparent decreasing returns contradicts evidence of only small...
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Output and input market distortions manifest as wedges in the firm's first order conditions. The production approach to … markup estimation recovers the markup wedge using the output elasticity for a variable and undistorted input. We show that … evidence of input, rather than output, market distortions. Second, future work can use the production approach to study input …
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