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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間-行業數據

效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間
效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間
此外，用關稅收入大幅補貼美國制造業，來供應國內，參考斯姆特-霍利關稅法等，我們認為這種“幼稚產業保護”的政策成功的概率極低。
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第1頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第2頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第3頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第4頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第5頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第6頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第7頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第8頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第9頁
效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第10頁
效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第11頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第12頁
效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第13頁
效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第14頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第15頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第16頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第17頁
效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第18頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第19頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第20頁
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效率之難：人均GDP突破10000美元后的10年時間區間內，全要素生產率增速放緩，美國進入放緩區間_第21頁
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所屬報告： 特朗普及關稅系列研究（三）：美國供需視角看關稅“棋局”新解-250421（17頁）.pdf
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