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  1. Roger Klurfeld 0 people like this 24 Jan. 2013 11:59 AM

    Is the largest declines in TFP growth related to the austerity measures taken in those countries?

  2. Gad Levanon 0 people like this 24 Jan. 2013 12:33 PM

    The low TFP growth in these countries was measured for the 1992-2012 period. Austerity just begun in recent years. I think that low TFP growth was one of the reasons for the crisis in these countries.