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the traditional production model where technology is represented by a time trend. TFP growth is decomposed into … unobservable technical change, scale economies and observable technology shifter index components. The empirical results are based … exogenous growth factors are used in modeling four technology shifter indices to explore development infrastructure, finances …
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Continuous specialisation of a nation, conducted by the dynamic comparative advantage, is not only the effect of free market forces accompanied by commercial openness, as it depends on many other factors, among which technological progress is essential. In this study, we try to analyse the...
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