1st Edition
Cyclical Productivity in US Manufacturing (RLE: Business Cycles)
By Miguel Jimenez
Copyright 1997
196 Pages
by
Routledge
202 Pages
by
Routledge
202 Pages
by
Routledge
Also available as eBook on:
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... Read more
1. Explanations of Cyclical Productivity Growth 2. Data 3. Estimating Markups Using Productivity Measures 4. Externalities and the Business Cycle: A VAR Model 5. Labor Hoarding and Effort Variations
Biography
Miguel Jiménez
