Extra! Extra! Some positive technology shocks are expansionary!
Michelle Alexopoulos
Economics Letters, 2008, vol. 101, issue 3, 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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Citations: View citations in EconPapers (5)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:3:p:153-156
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