Composantes sectorielles et nationales dans l'évolution du résidu Solow
Explanations of fluctuations in the Solow residual, as an indicator of technical change, belong to the hard core of the current debate on business cycle theories. The purpose of this paper is to evaluate the relative contribution of the common sectoral and specific national disturbances to the variance of international estimates of the Solow residual at a sectoral level. Our results clearly confirm the dominance of sectoral shocks, common to all countries, over national disturbances. This feature provides a point of evidence in favor of the Real Business Cycle view at least a important place for the technological shocks in models where there are several conjonctural impulses.
Year of publication: |
1991
|
---|---|
Authors: | LANGOT, François |
Published in: |
Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 1991, 24, p. 133-154
|
Publisher: |
École Nationale de la Statistique et de l'Admnistration Économique (ENSAE) |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Why is Old Workers' Labor Market More Volatile? Unemployment Fluctuations over the Life-Cycle
Hairault, Jean-Olivier, (2014)
-
Welfare Cost of Fluctuations When Labor Market Search Interacts with Financial Frictions
ILIOPULOS, ELENI, (2018)
-
A Quantitative Investigation of the Laffer Curve on the Continued Work Tax : The French Case
Hairault, Jean-Olivier, (2005)
- More ...