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This paper discusses two simple decompositions for aggregate productivity analysis in the presence of distortions and in general equilibrium. The first is a generalization of Baqaee and Farhi (2017) and the second is due to Petrin and Levinsohn (2012). In the process, we propose a new...
Persistent link: https://www.econbiz.de/10012889959
This paper develops a general theory of aggregation in inefficient economies. We provide non-parametric formulas for …
Persistent link: https://www.econbiz.de/10012943616