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This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...
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This paper develops a measurement framework that synthesizes the airline and strategy literature to identify relevant … dimensions and elements of airline business models. The applicability of this framework for describing airline strategies and … structures and, based on this conceptualization, for assessing the potential convergence of airline business models over time is …
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