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Raw Materials, Profits, and the Productivity Slowdown (Rev)

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NBER1981-04-01 更新2025-01-04 收录
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A factor-price frontier framework is used to clarify the analogy of an increase (decrease) in raw material prices with that of autonomous technological regress (progress). Factor-price profiles estimated for the United States, the United Kingdom, Germany, and Japan bring out the major role of raw

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1981-04-01
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