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| Nelson Sá |
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| ''Capital specialization and aggregate productivity'' |
| ( 2016, Vol. 36 No.3 ) |
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| This paper makes use of a Dixit-Stiglitz framework to dissect the combined productivity effects of capital variety and average capital specificity under general equilibrium. The impact of key parameters like entry costs, market size or price elasticities of demand on these variables is shown to differ according to whether agglomeration effects are present or not and how strong they are. |
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| Keywords: Specialization, Productivity, Dixit-Stiglitz |
JEL: O4 - Economic Growth and Aggregate Productivity: General
L1 - Market Structure, Firm Strategy, and Market Performance: General |
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| Manuscript Received : Jun 25 2015 | | Manuscript Accepted : Jul 17 2016 |
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