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jdebacker committed Oct 4, 2024
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2 changes: 1 addition & 1 deletion _sources/content/calibration/firms.md
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Expand Up @@ -34,4 +34,4 @@ We use a default value of $\gamma =0.40$, which corresponds to one minus labor's

### Total factor productivity

In the case of the single prodcution sector, we can normalize $Z_{m,t}=1.0$. In the case of multiple production sectors, we use {cite}`PRS2020 who identify TFP for various sectors in South Africa.
In the case of the single production sector, we can normalize $Z_{m,t}=1.0$. In the case of multiple production sectors, we use {cite}`PRS2020 who identify TFP for various sectors in South Africa.
2 changes: 1 addition & 1 deletion content/calibration/firms.html
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Expand Up @@ -457,7 +457,7 @@ <h3>Factor shares of output<a class="headerlink" href="#factor-shares-of-output"
</section>
<section id="total-factor-productivity">
<h3>Total factor productivity<a class="headerlink" href="#total-factor-productivity" title="Link to this heading">#</a></h3>
<p>In the case of the single prodcution sector, we can normalize <span class="math notranslate nohighlight">\(Z_{m,t}=1.0\)</span>. In the case of multiple production sectors, we use {cite}`PRS2020 who identify TFP for various sectors in South Africa.</p>
<p>In the case of the single production sector, we can normalize <span class="math notranslate nohighlight">\(Z_{m,t}=1.0\)</span>. In the case of multiple production sectors, we use {cite}`PRS2020 who identify TFP for various sectors in South Africa.</p>
</section>
</section>
</section>
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