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Can the Mahalanobis distance measure ( as defined by Bloom, Schankerman, Reenen Econometrica 2013) between a firm and itself be greater than 1?
I am currently working on estimating a Knowledge Proximity measures for firms and wanted to replicate the Mahalanobis distance measure discussed in Appendix C.2 of Bloom, Schankerman, and Van Reenen (...