Showing 1 - 7 of 7
Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology …-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to … gauge their contribution to short-run investment fluctuations. We estimate an upper bound for the contribution of technology …
Persistent link: https://www.econbiz.de/10009736762
Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...
Persistent link: https://www.econbiz.de/10003888063
Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...
Persistent link: https://www.econbiz.de/10003898815
Persistent link: https://www.econbiz.de/10003495613
may be positive or negative, depending on foreign countries' trade position. -- innovation ; financial development ; R …
Persistent link: https://www.econbiz.de/10009240877
increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …
Persistent link: https://www.econbiz.de/10014383723
phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on alternatives to ozone … readily available. I reconcile theory and empirics by discussing the role of induced innovation in models of environmental …
Persistent link: https://www.econbiz.de/10014391277