Extra! Extra! Some positive technology shocks are expansionary!

Michelle Alexopoulos ()

Economics Letters, 2008, vol. 101, issue 3, pages 153-156

Abstract: 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.

Keywords: Business; cycles; Technical; change; Measurement (search for similar items in EconPapers)
Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:3:p:153-156

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