The Effects of Technology Shocks on Output Fluctuations: An Impulse Response Analysis for the G7 Countries
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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|Date of creation:||1997|
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