Capital Reallocation and the Cyclicality of Aggregate Productivity
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https://www.nber.org/papers/w19715
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资源简介：
A large part of the existing stock of capital is frequently reallocated between firms. This capital reallocation is procyclical and leads to variations in measured aggregate productivity. In this paper we ask how much of the cyclical variation in measured productivity is the consequence of capital
提供机构：
美国国家经济研究局
创建时间：
2013-12-01
