colleges for low-income community college students. This paper explores the role that access to information technology, in …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …

technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …

quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … estimates connecting country-industry productivity and exports, and the study exploits heterogeneous technology diffusion from …

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …

valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed … by a temporary fall in share price even though the underlying technology is improving. …