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divide capital into equipment and software, as they may interact with labor in different ways. Our estimation shows that … equipment and labor are complements (elasticity 0.6), consistent with other micro-level estimates, but software and labor are … software improves, labor shares fall within firms because of factor substitution and endogenously rising markups. In addition …
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"The use of spreadsheets to obtain solutions to a diverse array of examples offers a reader-friendly way of addressing a topic (optimization) that can sometimes be viewed as intimidating. Many people are readily familiar with spreadsheets and how they work, yet are apt to be unaware of the...
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capability, the uneven diffusion of technical education in India, and the increasing economic integration of the software …
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