The role of output composition in the stabilization of US output growth

被引：62

作者：

Eggers, Andrew ^{[1
]}

Ioannides, Yannis M. ^{[1
]}

机构：

[1] Tufts Univ, Dept Econ, Medford, MA 02155 USA

来源：

JOURNAL OF MACROECONOMICS | 2006年 / 28卷 / 03期

基金：

美国国家科学基金会;

关键词：

economic fluctuations; macroeconomic stabilization; deindustrialization; manufacturing;

D O I：

10.1016/j.jmacro.2004.09.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

US output growth became much more stable over the past half-century. This paper assesses the role of changes in the composition of output - the increasing importance of stable sectors and diminishing importance of volatile sectors - in this stabilization. Our decomposition of output growth volatility by one-digit industry indicates that a bit less than half of the drop in volatility between the pre- and post-1982 periods is accounted for by compositional shifts, most notably the decline of manufacturing. (c) 2006 Elsevier Inc. All rights reserved.

引用

页码：585 / 595

页数：11

共 6 条

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[3]

Filardo AJ, 1997, ECON REV, P63

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