Measures of technology and the short-run response to technology shocks

Scandinavian Journal of Economics

Volumn 105, Issue 4, 2003, Pages 555-579

  Carlsson, Mikael ^a  

^a UPPSALA UNIVERSITY   (Sweden)

Author keywords

Business fluctuations; Cyclical factor utilization; Technological change

Indexed keywords

BUSINESS CYCLE; MANUFACTURING; METHODOLOGY; TECHNOLOGICAL CHANGE;

EURASIA; EUROPE; NORTHERN EUROPE; SCANDINAVIA; SWEDEN;

EID: 0348167850     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.0347-0520.2003.00003.x     Document Type: Article

References (34)

1. Alexius, A. and Carlsson, M. (2002), Measures of Technology and the Business Cycle, Working paper no. 2002:10, Department of Economics, Uppsala University.
2. Anxo, D. and Sterner, T. (1994), Using Electricity Data to Measure Capital Utilization, Energy Economics 16, 63-74.
3. Anxo, D. and Sterner, T. (1995), Shiftworking and Capital Operating Time in Swedish Manufacturing, in D. Anxo, G. Bosch and D. Bosworth (eds.), Work Patterns and Capital Utilization, Kluwer Academic Publishers, Dordrecht.
4. Ayoub, M. M., Selan, J. and Liles, D. (1983), An Ergonomic Approach for the Design of Manual Materials-handling Tasks, Human Factors 25, 507-515.
5. Basu, S. (1996), Procyclical Productivity: Increasing Returns or Cyclical Utilization, Quarterly Journal of Economics 111, 719-751.
6. Basu, S. and Fernald, J. (2001), Why is Productivity Procyclical? Why Do We Care?, in C. Hulten, E. Dean and M. Harper (eds.), New Developments in Productivity Analysis, University of Chicago Press, Chicago, IL.
7. Basu, S. and Kimball, M. (1997), Cyclical Productivity with Unobserved Input Variation, NBER Working paper no. 5915.
8. Basu, S., Fernald, J. and Kimball, M. (1998), Are Technology Improvements Contractionary?, International Finance Discussion Paper no. 625, Board of Governors of the Federal Reserve System, Washington, DC.
9. Bils, M. (1987), The Cyclical Behavior of Marginal Cost and Price, American Economic Review 77, 838-855.
10. Burnside, C. (1996), Production Function Regressions, Returns to Scale, and Externalities, Journal of Monetary Economics 37, 177-201.
11. Burnside, C. and Eichenbaum, M. (1996), Factor Hoarding and the Propagation of Business-cycle Shocks, American Economic Review 86, 1154-1174.
12. Burnside, C., Eichenbaum, M. and Rebelo, S. (1993), Labor Hoarding and the Business Cycle, Journal of Political Economy 101, 245-273.
13. Burnside, C., Eichenbaum, M. and Rebelo, S. (1995), Capital Utilization and Returns to Scale, in B. Bernanke and J. Rotemberg (eds.), NBER Macroeconomics Annual 1995, MIT Press, Cambridge, MA.
14. Carlsson, M. (2000), Measures of Technology and the Short-run Responses to Technology Shocks: Is the RBC-model Consistent with Swedish Manufacturing Data?, Working paper no. 2000:20, Department of Economics, Uppsala University.
15. Costello, D. (1993), A Cross-country, Cross-industry Comparison of Productivity Growth, Journal of Political Economy 101, 207-222.
16. Francis, N. and Ramey, V. (2002), Is the Technology-Driven Real Business Cycle Hypothesis Dead? Shocks and Aggregate Fluctuations Revisited, NBER Working paper no. 8726.
17. Galí, J. (1999), Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?, American Economic Review 89, 249-271.
18. Greene, W. (2000), Econometric Analysis, Prentice-Hall, Upper Saddle River, NJ.
19. Griliches, Z. and Jorgenson, D. (1967), The Explanation of Productivity Change, Review of Economic Studies 34, 249-283.
20. Hall, R. E. (1988), The Relation between Price and Marginal Cost in U.S. Industry, Journal of Political Economy 96, 921-947.
21. Hall, R. E. (1990), Invariance Properties of Solow's Productivity Residual, in P. Diamond (ed.), Growth/Productivity/Unemployment: Essays to Celebrate Bob Solow's Birthday, MIT Press, Cambridge, MA.
22. Hansen, L. (1982), Large Sample Properties of Generalized Method of Moments Estimators, Econometrica 50, 1029-1054.
23. Hansson, B. (1991), The Rate of Technical Change in Swedish Manufacturing, in Measuring and Modelling Technical Change, Ph. D. thesis, Department of Economics, Uppsala University.
24. Hokkanen, J. (1998), Pro-cyclical Labour Productivity, Labour Effort and Technology Shocks, in Interpreting Budget Deficits and Productivity Fluctuations, Ph. D. thesis, Department of Economics, Uppsala University.
25. King, R. and Rebelo, S. (1999), Resuscitating Real Business Cycles, in J. Taylor and M. Woodford (eds.), Handbook of Macroeconomics, Elsevier Science B.V., Amsterdam.
26. Lindström, T. (2000), External Economies in Procyclical Productivity: How Important Are They?, Journal of Economic Growth 5, 163-184.
27. Marchetti, D. and Nucci, F. (2001), Price Stickiness and Contractionary Technology Shocks, Manuscript, University of Rome La Sapienza.
28. Mital, A. and Manivasagan, I. (1983), Maximum Acceptable Weight of Lift as a Function of Material Density, Center of Gravity Location, Hand Preference and Frequency, Human Factors 25, 33-42.
29. Ramey, V. (1989), Inventories as Factors of Production and Economic Fluctuations, American Economic Review 73, 338-354.
30. Runkle, D. (1987), Vector Autoregressions and Reality, Journal of Business and Economic Statistics 5, 437-442.
31. Shea, J. (1990), Accident Rates, Labor Effort and the Business Cycle, SSRI Working Paper no. 9028, University of Wisconsin, Madison.
32. Shea, J. (1997), Instrument Relevance in Multivariate Linear Models: A Simple Measure, Review of Economics and Statistics 79, 348-352.
33. Solow, R. M. (1957), Technological Change and the Aggregate Production Function, Review of Economics and Statistics II, 145-155.
34. White, H. (1980), A Heteroscedasticity-consistent Covariance Matrix Estimator and a Direct Test for Heteroscedasticity, Econometrica 48, 817-838.