Döpke, Jörg - In: CESifo economic studies : CESifo, a joint initiative of … 50 (2004) 2, pp. 333-349
quarterly time series for the G7-countries. A vector-autoregressive model containing total factor productivity and a survey … response of productivity to a business cycle innovation. The results suggest that positive business cycles shocks have a small … negative impact on long-run productivity. However, the results appear to be not robust against changes in the empirical model. …
