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This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1–2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....
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investment goods, while shocks to both kinds of technology are the only factors which affect labor productivity in the long run … 48 percent, a new finding which suggests that technology shocks are an important source of the business cycle. …
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Because a significant portion of U.S. students lacks critical mathematic skills, schools across the country are investing heavily in computerized curriculums as a way to enhance education output, even though there is surprisingly little evidence that they actually improve student achievement. In...
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wage differential among homogenous unskilled workers. The skill premium arises from a skill-biased technology; the wage …
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