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Update firms.md
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jdebacker authored Oct 4, 2024
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Expand Up @@ -34,4 +34,4 @@ We use a default value of $\gamma =0.40$, which corresponds to one minus labor's

### Total factor productivity

In the case of the single prodcution sector, we can normalize $Z_{m,t}=1.0$. In the case of multiple production sectors, we use {cite}`PRS2020 who identify TFP for various sectors in South Africa.
In the case of the single production sector, we can normalize $Z_{m,t}=1.0$. In the case of multiple production sectors, we use {cite}`PRS2020 who identify TFP for various sectors in South Africa.

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