, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of …

have shrunk. During the same period, the share of hours worked in technology-related occupations (“techies”) grew … to changes in the composition of firms (between firms). Motivated by the fact that technology adoption is mediated by … technically qualified managers and technicians, we use a new measure of the propensity of a firm to adopt new technology: its …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …

technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …

quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … estimates connecting country-industry productivity and exports, and the study exploits heterogeneous technology diffusion from …

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except … of capital and technology for the sample period. We apply the method to annual data from 1947-97 for U.S. total …