Endogenous product turnover and macroeconomic dynamics

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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Bibliografiske detaljer
Main Authors:	Hamano, M, Zanetti, F
Format:	Journal article
Udgivet:	Elsevier 2017

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