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Size, Trade, Technology and the Division of Labor

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NBER2021-06-01 更新2025-01-04 收录
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The division of labor is limited by the extent of the market but the extent of the market also grows with the division of labor (Young, 1928). We formalize this feedback in a model with input-output linkages where heterogeneous firms deepen their specialization by adopting intermediate-intensive

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2021-06-01
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