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Based on long US time series we document a range of empirical properties of the labor’s share of GDP, including its substantial medium-run swings. We explore the extent to which these empirical regularities can be explained by a calibrated micro-founded long-run economic growth model with...
Persistent link: https://www.econbiz.de/10011605810
joint effects, marginal effects or interaction among factors. We use a novel normalization with a range between –1 and 1 …
Persistent link: https://www.econbiz.de/10014590623
. Our approach allows us to address the important issue of normalization of aggregators in non-Brownian settings. We show … that normalization is always feasible if the certainty equivalent of the aggregator is of expected utility type. Conversely …
Persistent link: https://www.econbiz.de/10010271454
normalization and differentiation in corporate branding. The mainstream response within the corporate marketing literature to … normalization and differentiation must be managed within each of these contexts, and that the brand positioning may therefore vary … managing the tension between normalization and differentiation because it facilitates the creation of flexible interpretations …
Persistent link: https://www.econbiz.de/10009457369
is to drop some FE and constant regressors by normalizing their impact to zero. We introduce ''untangling normalization …
Persistent link: https://www.econbiz.de/10011451511
democracy. I do so by drawing on social sciences literature on the issue of normalization, which captures how far … the boundaries of the ‘sayable’. To understand how normalization occurs within participatory processes, I mobilize the … normalization of far-right contestations. …
Persistent link: https://www.econbiz.de/10013482387
This paper performs a nonlinear estimation of a normalized CES production function within a system of equations with a panel of Spanish regions for the period 1964-2013. It obtains an elasticity of substitution below one and identifies different rates of factor-augmenting technical progress. The...
Persistent link: https://www.econbiz.de/10014486064
is to drop some FE and constant regressors by normalizing their impact to zero. We introduce ''untangling normalization …
Persistent link: https://www.econbiz.de/10011431460
Persistent link: https://www.econbiz.de/10011333791
Persistent link: https://www.econbiz.de/10010241689