TFPR: Dispersion and Cyclicality
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This paper studies the determinants of TFPR, a revenue based measure of total factor productivity. Recent business cycle models are built upon the assumption of countercyclical dispersion in TFPR. But, the distribution of TFPR is endogenous, dependent upon exogenous shocks and the endogenous
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美国国家经济研究局创建时间：
2020-12-01
