The technology growth trends that underlie recent productivity patterns are investigated in a framework that … downward shift in TFP growth in the late 1960s and an upward shift in investment-specific technology growth in the mid-1980s …. In both cases, these breaks precede observed changes in labor productivity growth by several years. Simulations of …

more technically inefficient between 1984 and 1993. Our analysis of productivity change, however, shows that technological … productivity gains. For banks with assets less than 0 million, however, technological improvement was insufficient to offset … increased inefficiency, and thus productivity declined over the period. Our findings suggest that increasing inefficiency is …

dynamic process that requires labor to b employed in research and development for innovation to occur. Technology is … innovation and technology transfer affects the economic incentives to innovate and the relative wages in both countries. As a …

-identified technology shocks. They found that during the Martin-Burns- Miller era, the Fed responded to technology shocks by overstabilizing … of the rule to output and inflation fluctuations, and the response to technology shocks. …

We survey the recent empirical literature using long run restrictions to identify technology shocks. We provide an …, we offer an alternative identification of technology shocks that can be imposed by restrictions on the long-run impulse … technology. …

Although the association between industrial agglomeration and productivity has been widely examined and documented …, little work has explored the possibility that these `external' productivity shifts are the product of more advanced … of computer use by its workers. However, in spite of these observable differences in workplace technology, I also find …

future technology generates an increase in current consumption, hours and investment. These models are said to exhibit … potential for explaining procyclical news shocks. Its critical assumption is that news of the future technology also illuminates … the nature of this technology. This illumination in turn permits economic actors to invest in capital that is forward …

Empirical evidence suggests that there is a long lag between the time a new technology is introduced and the time at …