Are predictable improvements in TFP contractionary or expansionary: Implications from sectoral TFP?

Deokwoo Nam and Jian Wang

Economics Letters, 2014, vol. 124, issue 2, 171-175

Abstract: We investigate the effects of predictable changes in TFP at the sectoral level. Our findings can reconcile the seemingly contradictory findings in the literature. Shocks to predictable changes in investment-sector TFP are also found important for US business cycle fluctuations.

Keywords: Aggregate and sectoral TFP; News shocks to TFP; Business cycle fluctuations (search for similar items in EconPapers)
JEL-codes: E1 E3 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Working Paper: Are predictable improvements in TFP contractionary or expansionary? implications from sectoral TFP (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:2:p:171-175

DOI: 10.1016/j.econlet.2014.05.008

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