Endogenous product turnover and macroeconomic dynamics

This paper introduces endogenous product entry and exit based on creation and destruction of product variety in a general equilibrium model. Recessionary technology shocks induce exit of unprofitable products on impact, allocating resources towards more productive production lines. However, during t...

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מידע ביבליוגרפי
Main Authors: Hamano, M, Zanetti, F
פורמט: Journal article
יצא לאור: Elsevier 2017

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