haku: @journal_id 7 / yhteensä: 1856
viite: 239 / 1856
| Tekijä: | Gali, J. |
| Otsikko: | Technology, employment, and the business cycle: do technology shocks explain aggregate fluctuations? |
| Lehti: | American Economic Review
1999 : MAR, VOL. 89:1, p. 249-271 |
| Asiasana: | ECONOMICS TECHNOLOGY EMPLOYMENT |
| Kieli: | eng |
| Tiivistelmä: | The author estimated a decomposition of productivity and hours into technology and non-technology components. Two results stand out: (a) the estimated conditional correlations of hours and productivity are negative for technology shocks, positive for nontechnology shocks; (b) hours show a persistent decline in response to a positive technology shock. Most of the results hold for a variety of model specifications, and for the majority of G7 countries. |
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