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The long-run relationship between real wages and labor productivity is investigated using cointegration and Granger non-causality tests for the US economy over the period 1869-1999. The series are cointegrated, indicating that there is a link between real wages and labor productivity in the long...
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This paper presents an estimate of fixed tangible wealth for the Brazilian economy in the period 1950-1998. Net capital stock and consumption of fixed capital are derived by the perpetual inventory method (PIM) employing a geometric depreciation function. Despite the criticism to the PIM...
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