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access_permission:extract_content [...] The usefulness of the creation of a 'real money gap' is not clear as 'm' could be replaced by
any other variable without changing the economic content.
4. It would be better to use an opportunity cost [...] complicated as the instrument of monetary policy and the opportunity
cost variable differ from each other.
2 ß Verein fuÈr Socialpolitik and Blackwell Publishers Ltd 2001
F. Seitz and K.-H. ToÈdter
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central bank the argument of
strength, you do need to have the strength of the argument. In other words, other factors than the
relative size of the economics and research departments determine the quality [...] nal structures that include 'doing research' usually cover other activities. For
example, statistics, communication with the ECB or other international institutions,
publications and language services [...] on the one side and the ECB on the other has
certainly increased since 1999. And one part of this competition is necessarily on the field of
research. In other words, it may very well be that the
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access_permission:extract_content [...] constraints endogenously. We thereby integrate two strands of literature that are
unrelated with each other, namely the mentioned empirical work on firm investment behavior
under imperfect capital markets [...] creditworthy or just because the suppliers themselves are subject to financing
constraints or for any other reason only known to the suppliers. Firms that were not offered any
discounts were excluded from
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access_permission:extract_content [...] the production process but also on the size of the indirect output effect of
innovations. On the other hand, the resulting output effect is not unambiguous since product
innovations could also reduce [...] technical progress’ had an
influence on their employment plans). König/Buscher/Licht (1995), on the other hand, find a
positive effect of process innovation on employment, which is even stronger than the
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∂∂
∂
is
the growth rate of employment due to autonomous technological progress and the other elas-
ticities are defined in equation (5). s
Yw indicates the short-run employment threshold [...]
2
2
2
, (13)
whereby ∂ ∂K ql
* is substituted from equation (12). The other long-run elasticities for L and M
with respect to the factor prices klm qqq and, are calculated
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