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Thus , the reduced - form production function in equation ( 20 ) expresses y as a function of h with positive and diminishing marginal product . The convergence implications of this model are therefore similar to those of the closed ...
Thus , the reduced - form production function in equation ( 20 ) expresses y as a function of h with positive and diminishing marginal product . The convergence implications of this model are therefore similar to those of the closed ...
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TABLE 1 - SENSITIVITY TESTS : ECONOMETRIC ISSUES x ;; = a + by ; + cy , + d dist ,; + e DUMMY , Equation 4 Notes : Standard errors are given in parentheses . Definitions of the equations are as follows : Equation 1 : Basic equation ...
TABLE 1 - SENSITIVITY TESTS : ECONOMETRIC ISSUES x ;; = a + by ; + cy , + d dist ,; + e DUMMY , Equation 4 Notes : Standard errors are given in parentheses . Definitions of the equations are as follows : Equation 1 : Basic equation ...
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In all there are 11 regressions reported in the two tables combined , and these are labeled equations 1-11 . ... possibility of heteroscedasticity : equation 3 includes only the larger jurisdictions , defined as states or provinces with ...
In all there are 11 regressions reported in the two tables combined , and these are labeled equations 1-11 . ... possibility of heteroscedasticity : equation 3 includes only the larger jurisdictions , defined as states or provinces with ...
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Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers