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A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of...
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I use data from the World Input-Output Database and show that trade in information technologies (IT) has a significant … of IT and has strongly contributed to the rise in trade in IT. The growth in IT imports from China is associated with … lower IT prices in sample European countries. The fall in IT prices has increased the demand for high wage occupations and …
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