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We explain a puzzle from two recent meta-analyses that cover 25 countries and claim to show that inputs systematically move from higher- value to lower-value activities despite strong aggregate labor productivity growth (ALP). These papers use variants of the Baily, Hulten and Campbell ( 1992)...
Persistent link: https://www.econbiz.de/10010313246
We explain a puzzle from two recent meta-analyses that cover 25 countries and claim to show that inputs systematically move from higher-value to lower-value activities despite strong aggregate labor productivity growth (ALP). These papers use variants of the Baily, Hulten and Campbell (1992)...
Persistent link: https://www.econbiz.de/10013066736