Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062424 | Economics Letters | 2007 | 5 Pages |
Abstract
Using disaggregate U.S. industry data, we analyze three different production function residuals and the technology shocks obtained from the Galà [GalÃ, J., 1999. Technology, employment, and the business cycle: Do technology shocks explain aggregate fluctuations? American Economic Review 89, 249-271.] structural VAR model. The different methods produce technology shocks that are highly correlated and negatively related to hours worked.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Annika Alexius, Mikael Carlsson,