From Labor to Intermediates: Firm Growth, Input Substitution, and Monopsony
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We document and dissect a stylized fact about firm growth: the shift from labor to intermediate inputs. This shift occurs in input quantities, cost and output shares, and output elasticities. We establish this regularity in firm data for Germany and in firm (and industry) data for 11 (20) additional
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美国国家经济研究局创建时间：
2024-11-01
