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The German Manufacturing Sector is a Granular Economy
power law idiosyncratic shocks granular residual Germany
2012/10/22
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German m...
Labor costs in India抯 organized manufacturing sector
Labor costs organized manufacturing sector
2010/11/29
Compensation costs in India抯 organized manufacturing sector were 91 cents per hour for all employees in 2005; this amounted to about 3 percent of hourly labor costs in the U.S. manufacturing sector, b...