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Table 1.

Calibrated parameters of the model.

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Table 2.

Correlations between public and private employment sizes and GDP.

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Table 3.

Correlations between public and private sector wages and GDP.

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Table 4.

Volatility of employment and output simulations under various policy regimes.

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Table 5.

Model it: Real data versus benchmark model simulation.

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Table 6.

Simulation results under different policy scenarios.

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Table 6 Expand

Fig 1.

Effects of technology shock on employment variables.

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Fig 1 Expand