Cyclical Productivity with Unobserved Input Variation
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In this paper, we derive and estimate relationships governing variable utilization of capital and labor for a firm solving a dynamic cost-minimization problem. Our method allows for (i) imperfect competition, (ii) increasing returns to scale, (iii) unobserved changes in utilization, (iv) unobserved
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美国国家经济研究局创建时间：
1997-02-01
