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We propose a model which synthesizes the fairness and learning hypotheses.
In this paper, we examine experiments with a step-level public goods game designed to distinguish between the fairness and learning hypotheses.
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Finally, k-nearest neighbor algorithm is used as learning hypothesis.
Rows (a) and (b) refer to the growing by learning hypothesis.
Then, Sect. 4 presents the econometric methodology in detail, the main results regarding the growing by learning hypothesis as well as some robustness exercises.
In the same word map, the economic growth and regional development cluster is distinctive, while "education" forms a cluster that includes "university", "students", their "skills" and "intentions" along with "learning" (hypothesis H2b supported, hypothesis H1 partially supported).
According to Bebchuk et al. (2013)'s learning hypothesis, market participants gradually learn about the poor performance of cash-rich firms with more ATPs and they should then discount stock prices.
Consistent with the 'learning begets learning' hypothesis (Myers and Myles 2005), Table 3 shows that more educated workers are more likely to participate in employer-supported adult training relative to their less educated counterparts in Canada.
Despite the suggestive evidence in favor of the growing by learning hypothesis in Fig. 2, HPG firms may be hit by an omitted shock in 2003 simultaneously causing the high productivity growth as well as subsequent increases in size.
Rows (a) and (b) illustrate that a productivity shock has a positive and significant treatment effect on size growth, which provides evidence in favour of the growing by learning hypothesis.
Indeed, the growing by learning hypothesis is implicitly assumed in theoretical models of firm dynamics that characterize industries as groups of heterogeneous-productivity firms (e.g. Jovanovic 1982; Melitz 2003).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com