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We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost … and sunk costs, and market power. We compare our measure of aggregate productivity growth to several competing variants … differ substantially from these measures of aggregate productivity growth. We illustrate this using panel data from …
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We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost … and sunk costs, and market power. We compare our measure of aggregate productivity growth to several competing variants … differ substantially from these measures of aggregate productivity growth. We illustrate this using panel data from …
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