3. Show that with the CES production function, the income share of labour under competitive market clearing

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3. Show that with the CES production function, the income share of labour under competitive market clearing is: WL Y 1-a (+) =+ (1-a)

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INTRODUCING ADVANCED MACROECONOMICS GROWTH AND BUSINESS CYCLES

ISBN: 9780077117863

2nd Edition

Authors: PETER SORENSEN, Hans Whitta Jacobsen

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Question Posted: Nov 16, 2024 07:01 AM

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3. Show that with the CES production function, the income share of labour under competitive market clearing is: wL 1 -a - = ---,-,---- y (K)(
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3. Show that with the CES production function, the income share of labour under competitive market clearing is: WL Y 1-a (+) =+ (1-a)
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3. Show that with the CES production function, the income share of labour under competitive market clearing

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INTRODUCING ADVANCED MACROECONOMICS GROWTH AND BUSINESS CYCLES

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