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This paper develops a search and matching model with hierarchical firms, human capital accumulation, internal promotions and on-the-job search. At the time of their market entry firms maximize present value of profits with respect to their promotion rule. Workers who are eligible for promotion...
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aggregate and sectoral gross domestic product is driven by input, without increasing efficiency in production or benefiting from …, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the … provinces of South Africa is negatively contributed by changes in technical efficiency, which suggests that policy makers should …
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