Cyclical Productivity in US Manufacturing (RLE: Business Cycles)
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2SLS Estimator
A01=Miguel Jimenez
aggregate
Aggregate Activity
Aggregate Shock
ation
Author_Miguel Jimenez
Category=KCA
Category=KCB
Category=KCD
Comp
Data Set
DSR
Durable Goods Industries
ents
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
estim
Heteroskedasticity Robust Standard Errors
hoarding
instrum
Instrumental Variables
Knowledge Spillovers
labor
Labor Hoarding
long
Long Run Response
Markups Estimated
Multifactor Productivity Growth
Non-production Workers
OLS Estimate
Panel Var Model
Positive Oil Price Shocks
Procyclical Productivity
RBC Model
run
shock
Sic Industry
Sic Level
Sic Sector
SR
Var Model
Product details
- ISBN 9781138858275
- Weight: 453g
- Dimensions: 156 x 234mm
- Publication Date: 23 Mar 2015
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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This book presents several pieces of empirical work which disentangle why the standard measure of productivity growth used in macroeconomics turn out to be procyclical for American manufacturing industries. Procyclical productivity is an essential feature of business cycles because of its important implications for macroeconomic modelling. The author explains why traditional Keynesian theories of the business cycle do not explain satisfactorily why productivity is procyclical, and argues that the force of technology for generating economic cycles is much more important than that of the management or mismanagement of monetary or fiscal policies. This book is aimed at those working in empirical macroeconomics but also industrial economics.
