Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
967274 | Journal of Monetary Economics | 2006 | 15 Pages |
Abstract
I develop a general equilibrium model in which organizational capital plays a central role in establishment dynamics, and study its transition path after a shock in the form of an incompatibility between new technologies and previously accumulated plant-level expertise. The behavior of the model is consistent with the structure of the slowdown, as well as the subsequent resurgence. Further applications are discussed.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Roberto M. Samaniego,