Productivity, Welfare and Reallocation: Theory and Firm-Level Evidence
收藏NBER2009-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15579
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We prove that in a closed economy without distortionary taxation, the welfare of a representative consumer is summarized to a first order by the current and expected future values of the Solow productivity residual in level and by the initial endowment of capital. The equivalence holds if the
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美国国家经济研究局创建时间：
2009-12-01
