Structural Change in Investment and Consumption: A Unified Approach
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Existing models of structural change typically assume that all of investment is produced in manufacturing. This assumption is strongly counterfactual: in the postwar US, the share of services value added in investment expenditure has been steadily growing and it now exceeds 0.5. We build a new model
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美国国家经济研究局创建时间：
2018-05-01
