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Exact(5)
Capital: To represent capital, we use the net values of capital stock in three sectors (agriculture, industry, and service).
However, the inclusion of interaction terms and squared values of capital and educational variables increases the standard errors of our estimates.
(1) to (3)) adding among explanatory variables: (a) the squared values of capital and educational variables, (b) the cross-product between capital and educational variables, (c) the cross-product between educational variables.
According to Weber, this type of coordination would be inefficient, especially because it would be incapable of solving the problem of imputation (i.e. of accurately determining the relative values of capital goods).
We assumed that input costs obtained from the accounts section of AMH, PHARMID, SNNPR Health Bureau, and replacement values of capital items reflected market values of the inputs.
Similar(55)
Shouldn't we link workers' pay to the rise in the value of capital?
Today, economists recognize that obsolescence is far more important in determining the value of capital equipment.
They typically take a cut of investors' seed money and a share in any increase in the value of capital, netting huge sums for managers if their funds fare well.
Under certain assumptions, the marginal value of capital equals the average value of capital (average q) [55], which we include into our equation (Tobin's q).
The base value of capital stock is given by the 1992 historic cost value of assets.
We use Nehru and Dhareshwar (1993) for calculating the initial value of capital stock.
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