Technical change: It should be positive and make sense!
Rogério César de Souza and
Economics Letters, 2008, vol. 100, issue 3, 388-391
We present the results of eight models that differ with respect to the time behavior of technical inefficiency and the presence of country heterogeneity. When taken into account, heterogeneity raises average technical change estimates, however technical progress rankings become counter-intuitive.
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