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A series of wrong policies since the 1980s transformed the Greek economy into a problematic one and almost ready to collapse; for example, artificial increases in employment in nonproductive public services entailing low productivity; increasing wages above those guaranteed by productivity...
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The introduction of productivity, either in the form of a function of labor productivity or a function of wages in a linear production function (LPF), opens numerous possibilities for the correct estimation of the main parameters of capital and labor prices, as well the capital and labor shares...
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