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The Effects of Technology Shocks on Output Fluctuations: An Impulse Response Analysis for the G7 Countries

Silvia Fabiani ()

Working Papers from Banca Italia - Servizio di Studi

Abstract: Direct and country-specific measures of technical progress are used in order to analyse the effects of technology shocks on output fluctuations in the G7. Technology shocks are measured as the unpredicted component in the dynamics of innovation, on the basis of patent statistics provided by the US Patent Office.

Keywords: TECHNOLOGICAL CHANGE; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: O31 O32 O33 O47 O5 (search for similar items in EconPapers)
Pages: 59 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:309

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