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We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
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services offshoring increased sectoral labour productivity, but reduced German manufacturing employment. The overall results …Economists have recently recognised services offshoring as an important influence on domestic labour market outcomes … trade has further accelerated the volume of services trade. Our econometric estimations focus on services offshoring by …
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