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Factor Incomes in Global Value Chains: The Role of Intangibles

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NBER2018-11-01 更新2025-01-04 收录
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Recent studies document a decline in the share of labour and a simultaneous increase in the share of residual (factorless) income in national GDP. We argue the need for study of factor incomes in cross-border production to complement country studies. We define a GVC production function that tracks

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2018-11-01
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