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This article focuses on agricultural productivity growth at both sector and state levels. It does so in a way that preserves the economic integrity of national and state production accounts. A model accounting for interstate transactions in farm goods links sectorwide and state-specific measures...
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Models of aggregate productivity growth linked to sectoral models of production typically assume that product and factor markets are perfectly competitive. The perfect markets assumption allows intermediate goods to be viewed as internal, offsetting transfers. This paper relaxes the conventional...
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In this paper, the authors estimate the hazard function for firms that are targets in unsolicited tender offers. The data support a Weibull-gamma specification and imply a hazard rate that increases sharply in the initial period following the bid announcement, after which it declines steadily....
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The rent-to-own (RTO) industry, by offering immediate access to household goods for a small periodic fee with no credit check or down payment, has strong appeal to low income and financially distressed consumers. An important policy question is whether an RTO agreement is used as a rental/lease...
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