Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według tematu "factor-augmenting endogenous technical change"
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Endogenous Labor Share Cycles: Theory and Evidence
(2016-09)Based on long US time series we document a range of empirical properties of the labor's share of GDP. We identify its substantial medium-to-long run, pro-cylical swings and show that most of its variance lies beyond ...