Smallest firms 

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Microsoft Word - DP_voorblad_scale_def.doc
... show a hump-shape pattern with strong potential scale economies for the smallest firms. nonetheless, some firms operate at a scale below the minimal optimal scale. while they ... firms. this scale inefficiency is persistent over time. secondly, we must reject the hypothesis that weak competition among the smallest firms is the cause of their scale-related productivity disadvantage. the smallest firms ...
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... significantly increased at this level of aggregation as ict is primarily an investment good for firms, firms will substitute ict for labour or other types of capital along a given production ... the panel). this relatively low coverage ratio is mainly due to the fact that the smallest firms have low inclusion probabilities and, thus, were not surveyed consecutively. however, their contribution to ...
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