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input elasticities and decomposition for expected output. Finally, aggregation errors which emerge when the correct …
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I investigate whether demand growth and productivity growth in Switzerland have benefitted from the wage moderation that set in at the beginning of the 1990s in this country. The results suggest that the Swiss demand regime is profit-led while the productivity regime is wage-led. This means on...
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moving from a Pareto to a lognormal distribution allows the Melitz model to match the role of the intensive margin in the EDD …. We use likelihood methods and the EDD to estimate a generalized Melitz model with a joint lognormal distribution for firm …
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intensive margin, contradicting the benchmark Melitz-Pareto model. We find that moving from a Pareto to a lognormal distribution … estimate a generalized Melitz model with a joint lognormal distribution for firm productivity, fixed costs and demand shifters …
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