Marquis, Milton; Trehan, Bharat - Federal Reserve Bank of San Francisco - 2005
The share of employment in manufacturing as well as the relative price of manufactures has declined sharply over the … unable to account for the entire decline in employment over this period, we expand the model to allow for manufactured … explain the decline in relative employment in the 1990s. However, larger errors in the 1970s remain unexplained. …
