Technology, Investment, and Economic Fluctuations
AbstractSince 1854, the United States has experienced 32 business cycles. While the average length of these cycles (trough-to-trough) has been 51 months, there has been significant variation across different subperiods. This paper attempts to explore the relationship between capital accumulation, technology accumulation, and the business cycle.
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Bibliographic InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2003-32.
Length: 41 pages
Date of creation: Jul 2003
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-DGE-2003-09-14 (Dynamic General Equilibrium)
- NEP-INO-2003-09-14 (Innovation)
- NEP-MAC-2003-09-14 (Macroeconomics)
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