search query: @indexterm Economic dynamics / total: 36
reference: 18 / 36
| Author: | Knelow, P. |
| Title: | Learning curves and the cyclical behavior of manufacturing industries |
| Journal: | Review of Economic Dynamics
1998 : APR, VOL. 1:2, p. 531-550 |
| Index terms: | ECONOMIC DYNAMICS LEARNING CURVES MANUFACTURING INDUSTRY |
| Language: | eng |
| Abstract: | Building on evidence that (a) productivity growth from learning by doing diminishes as experience accumulates with a technology and (b) learning by doing is largely specific to each production technology, this paper models a firm's decision of when to update its technology. The model implies that technology updates endogenously bring large drops in productivity. The model also implies that technology updates are more likely in a boom than in a recession. |
SCIMA