Are predictable improvements in TFP contractionary or expansionary: Implications from sectoral TFP?

We investigate the effects of predictable changes in TFP at the sectoral level. Our findings can reconcile the seemingly contradictory findings in the literature. Shocks to predictable changes in investment-sector TFP are also found important for US business cycle fluctuations.

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Year of publication:	2014
Authors:	Nam, Deokwoo ; Wang, Jian
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 124.2014, 2, p. 171-175
Publisher:	Elsevier
Subject:	Aggregate and sectoral TFP \| News shocks to TFP \| Business cycle fluctuations

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Type of publication:	Article
Classification:	E1 - General Aggregative Models ; E3 - Prices, Business Fluctuations, and Cycles
Source:	RePEc - Research Papers in Economics

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