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Output per hour in the manufacture of synthetic fertilizers and pesticides increased almost as much as that for all manufacturing. The gain is tied partially to technological innovation. This articl...
Agriculture: Transition Buffer or Black Hole? A Three-State Model of Employment Dynamics
labor force participation three-state dynamic model multivariate probit Markov chain Monte Carlo transition economy land reform
2013/10/25
We analyze the effect of land reform legislation on labor market dynamics in the Romanian economy. We show that the agricultural sector, a source of precarious employment, has become an absorbing stat...