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and technology differences across both goods and production stages. We estimate technology and trade costs via the …
Persistent link: https://www.econbiz.de/10012479967
There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved;...
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-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …
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We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series …
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In this paper, we re-examine the recent evidence that technology shocks do not produce business cycle patterns in the … data. We first extend Gal¡'s (1999) work, which uses long-run restrictions to identify technology shocks, by examining … whether the identified shocks can be plausibly interpreted as technology shocks. We do this in three ways. First, we derive …
Persistent link: https://www.econbiz.de/10012469989
Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using … annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement … include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on …
Persistent link: https://www.econbiz.de/10012470238
In modern economies, sharp increases in unemployment from major adverse shocks result in long periods of abnormal unemployment and low output. This chapter investigates the processes that account for these persistent slumps. The data are from the economy of the United States, and the discussion...
Persistent link: https://www.econbiz.de/10012456445
This study tests the importance of Ricardian technology differences for international trade. The empirical analysis has … between productivity and exports, and exploiting heterogeneous technology diffusion from immigrant communities in the United …
Persistent link: https://www.econbiz.de/10012459005