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. …

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 …

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

technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 … definition of stranded assets also includes countries reliant on fossil fuel exports and workers with technology-specific skills. …