In the extreme case, where the wage is rigid in terms of the non-corporate sector output, the corporation tax has no effect on the after-tax return and in this sense is fully shifted.

While the total value of export merchandise fell in 1990 and 1991 and had still not recovered in 1993 to its 1989 level, the overall agricultural sector output has grown somewhat because of growth in the sale of winter vegetables and shrimp.

This amounts to 11 million jobs, and 4.4 percent of all private sector output.

Neuberger, H and Caplan, D (1998) The measurement of real public sector output in the National Accounts.

Laziness, self-aggrandizement or status-seeking will all lead to the inefficient production of public sector output.

The sector output reached US$39 billion in 2009, ranking first in global market share in IC manufacturing, packaging, and testing, and second in IC design.

The difference between the growth rates of capital and output seems to be quite unreliable, given the rough estimate of the parameters of the problem, though, at more detailed consideration, the difference can be explained by distinction of the growth rates of sector outputs.

Crowding out occurs when government spending simply replaces private sector output instead of adding additional output to the economy.

The report would normally comment on the structure of the sector, the sector output, the major competitors and market shares.

The share of profits in corporate sector output hit a new record high, more than a full percentage point above its previous peak.