Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification -- this…
This study examines the impact of product market competition and corporate governance on productivity growth in German manufacturing. Using a panel of almost 500 firms over the years 1986--94, we find that…
Delegates from 180 countries met in Bonn during July 2001 to substantiate the Kyoto Protocol signed in 1997 which imposes limits for greenhouse gases on industrialized countries. After the withdrawal of the…
