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The Measurement of Real Value Added
Estimation of the Production Function for Real Value Added
Time Series Observations
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Abramovitz aggregate American analysis arithmetic means assumed average behavior budget business cycle capital ceteris paribus concex constraint consumer consumption currency decline developed countries distribution dollar dualism economists effect elasticities of demand equation exchange rate expected export favors forecasts foreign geometric means given gold groups growth rate happiness homogeneous of degree homothetic Household Commodity household production functions implies important income elasticities industrial inflation initial input instability investment investors isoquant labor lags leading index leading indicators long swings marginal cost measured microeconomic migration monetary natural increase output parameters per-unit income period political population positive production function production possibilities frontier quantity quintiles ratio real value added reference peak relative reserves rise risk aversion risk-neutral sector situation strictly monotonically increasing Table theory unemployment United United Kingdom Univ utility variables wage offers wealth Welfare economics