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activity in specific U.S. manufacturing industries. Across two-digit industry levels of aggregation, exchange rate movements do …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The … overall external orientation. Industries with low price-over-cost markups and those with a less skilled workforce exhibit …
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A growing share of international trade occurs through intra-firm transactions-those between domestic and foreign subsidiaries of a multinational firm. The difficulties associated with writing and enforcing a vertical contract compound when a product must cross a national border, and may explain...
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