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

Author

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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.

Suggested Citation

  • Fabiani, S., 1997. "The Effects of Technology Shocks on Output Fluctuations: An Impulse Response Analysis for the G7 Countries," Papers 309, Banca Italia - Servizio di Studi.
    • Handle: RePEc:fth:banita:309
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    More about this item

    Keywords

    TECHNOLOGICAL CHANGE ; ECONOMIC GROWTH;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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