search query: @author Carlsson, M. / total: 5
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| Author: | Carlsson, M. |
| Title: | Measures of technology and the short-run response of technology shocks |
| Journal: | Scandinavian Journal of Economics
2003 : VOL. 105:4, p. 555-579 |
| Index terms: | Business cycles Manufacturing Technological change Sweden |
| Language: | eng |
| Abstract: | This paper estimates technology growth on data for Swedish two-digit manufacturing industries. Two different approaches are applied and evaluated to control for varying factor utilization developed by Basu and Kimball (1997) and Burnside, Eichenbaum and Rebelo (1995). Also a generalization of the latter specification is proposed. The cyclical behaviour of the resulting technology measure is studied and the response of hours and output to a technology shock are estimated. |
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