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development of firm-level micro-data bases, the revival of the vintage capital or embodiment approach to productivity analysis …
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€¢ A problem is identified, • Data related to the problem are collected, • Description transforms data into useful … information, • Theory is brought to bear so that the problem can be understood and analyzed, • Explanation involves … interaction between data and theory in order to make clear that which needs to be understood, • Prescription points to actions …
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