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

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  • Fabiani, S.

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.

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Bibliographic Info

Paper provided by Banca Italia - Servizio di Studi in its series Papers with number 309.

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Length: 59 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:banita:309

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Postal: Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.
Web page: http://www.bancaditalia.it/
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Keywords: TECHNOLOGICAL CHANGE ; ECONOMIC GROWTH;

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