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Using transaction data for the U.S., this paper presents a series of stylized facts on exporters in services industries. We find that most of the basic facts on manufacturing exporters extend to the services sectors with three important differences. First, the participation rate of services...
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declining share of manufacturing employment in the United States, and second that recent productivity growth in manufacturing … has actually been quite rapid but is not accurately measured. The paper shows that for many decades, faster productivity … reversed and slower productivity growth in manufacturing has been associated with more robust performance in manufacturing …
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