Extra! Extra! Some positive technology shocks are expansionary!

被引:7
作者
Alexopols, Michelle [1 ]
机构
[1] Univ Toronto, Dept Econ, Toronto, ON M5S 3G7, Canada
关键词
Business cycles; Technical change; Measurement;
D O I
10.1016/j.econlet.2008.06.007
中图分类号
F [经济];
学科分类号
02 ;
摘要
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. (C) 2008 Elsevier B.V. All rights reserved.
引用
收藏
页码:153 / 156
页数:4
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