The distribution of sectoral TFP growth rates: International evidence

Edoardo Gaffeo

Economics Letters, 2011, vol. 113, issue 3, 252-255

Abstract: This paper investigates the distributional properties of TFP growth rates for countries in the G7 group. Our findings lend support to the hypothesis that multifactor productivity shocks can be plausibly fitted by a symmetric non-Gaussian stable distribution model. This leads to non-negligible implications for business cycle analysis.

Keywords: TFP; Stable distributions; Business cycle (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:3:p:252-255

DOI: 10.1016/j.econlet.2011.08.004

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