Sector-Specific Technology Shocks and the Business Cycle
Jonas Fisher
No 22, 2009 Meeting Papers from Society for Economic Dynamics
Abstract:
This paper describes new measures of technology for the consumption, investment, government and trade sectors of the US economy. We show how to map industry data into the technology terms in a standard multi-sector neo-classical growth model. We then use industry data to estimate sector-specific technologies and the responses of key aggregate variables to innovations in these technologies.
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed009:22
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