We argue that the relative price of materials is an important determinant of the labor share of income. When materials and primary inputs are complements and the profit share is positive, a higher ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Abstract: Based on historical, international and Chinese regional data, this paper reveals the general law of the change of intermediate input rate and the evolution characteristics of China’s ...

The rising interconnectedness of production centres around the world highlights the role of imported intermediate inputs in manufacturing processes. Intermediate inputs are partly finished goods, such ...

This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its ...

Big changes are happening at the U.S. Bureau of Economic Analysis. It means you’ll be hearing more about two economic metrics: gross output and intermediate inputs. The two are related, but for ...