This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor … inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs … productivity and production inputs. In addition, these shocks trigger different reactions of certain variables, which can help …

correlation between hours worked and labor productivity. In this paper, I show that this conjecture is not necessarily correct. In … a positive permanent technology shock along with a rise in labor productivity that are in line with what the data … the basic RBC model, I find that hours worked fall and labor productivity rises after a positive permanent technology …

This paper investigates the short-run impact of Investment-Specific Technology (IST) Shocks on macroeconomics variables … namely; Aggregate Investment, Aggregate Consumption and Gross Domestic Product using the VAR(p) model and quarterly data of … the US economy from 1960 through 2018. After estimation, one striking result is that from the Granger causality test. The …