Extra! Extra! Some positive technology shocks are expansionary!
I propose a new measure of technological change for the U.S. and use it to identify the economy's responses to a technology shock. The results suggest that GDP, TFP, and inputs increase following a positive technology shock.
Year of publication: |
2008
|
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Authors: | Alexopoulos, Michelle |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 3, p. 153-156
|
Publisher: |
Elsevier |
Subject: | Business cycles Technical change Measurement |
Saved in:
Online Resource
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