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Extra! Extra! Some positive technology shocks are expansionary!

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Author Info
Alexopoulos, Michelle

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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.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4SX3NRW-1/2/bb30c7b6167844550b506d86272bca3b
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 101 (2008)
Issue (Month): 3 (December)
Pages: 153-156
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Handle: RePEc:eee:ecolet:v:101:y:2008:i:3:p:153-156

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Web page: http://www.elsevier.com/locate/ecolet

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Related research
Keywords: Business cycles Technical change Measurement;

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