This paper examines how product market competition affects firms' timing of adopting a new technology as well as …. When goods are differentiated enough, adoption occurs later than it is socially optimal. -- technology adoption …

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 …

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

Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how …

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 …

Carlo evidence suggests that the quadratic specification more precisely represents technology. …