haku: @author Fernald, J.G. / yhteensä: 1
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| Tekijä: | Basu, S. Fernald, J.G. |
| Otsikko: | Aggregate productivity and aggregate technology |
| Lehti: | European Economic Review
2002 : JUN, VOL. 46:6, p. 963-991 |
| Asiasana: | BUSINESS CYCLES GROWTH PRODUCTIVITY TECHNOLOGY WELFARE |
| Vapaa asiasana: | AGGREGATION |
| Kieli: | eng |
| Tiivistelmä: | Aggregate productivity and aggregate technology are meaningful but distinct concepts. The authors show that a slightly modified Solow productivity residual measures changes in economic welfare, even when productivity and technology differ because of distortions such as imperfect competition. |
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