detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …

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 … manufacturing and compare the estimates with those reported by the Bureau of Labor Statistics. …

Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over … manufacturing firms that increasingly locate in suburban and rural areas. Motivated by these findings, we estimate a structural … strengthened for services but weakened for manufacturing. This divergence is a key driver of the urban bias but it dampens …

This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share … valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when … technology improves. We find that there can be a U-shaped transition dynamic, so that an initial boom in share price is followed …

The paper studies the degree of homogeneity of innovative behavior in order to determine empirically an industry … classification of Dutch manufacturing that can be used for policy purposes. We use a twolimit tobit model with sample selection … Dutch manufacturing consists of three groups of industries in terms of innovative behavior, a hightech group, a low …