Procyclical Productivity: Increasing Returns or Cyclical Utilization?
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It has long been argued that cyclical fluctuations in labor and capital utilization and the presence of overhead labor and capital are important for explaining procyclical productivity. Here I present two simple and direct tests of these hypotheses, and a way of measuring the relative importance of
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美国国家经济研究局创建时间：
1995-11-01
