Is There Really a Gap Between Aggregate Productivity and Technology?

Journal article | Zeitschriftenartikel

The important contribution by Basu and Fernald (European Economic Review, 2002, 46) shows that, in practice, there is a statistically significant gap between aggregate productivity and technology that can be attributed to inefficient product and labour markets. This is important, as it implies that the Solow residual is an imperfect index for aggregate technology change. We take a related approach and find that when we control for capacity utilization, time varying markup and account for externalities between industries, by employing a superior system estimator, the gap between the aggregate productivity and technology is shown to narrow considerably.

Angaben zum Objekt

• ISSN: 1466-4283
• Umfang: Seite(n): 3499-3503
• Sprache: Englisch
• Anmerkungen: Status: Postprint; begutachtet (peer reviewed)

Verweise und Beziehungen

• Erschienen in: Applied Economics, 41(27)

Klassifikation und Themen

• Thema: Wirtschaft ; Volkswirtschaftstheorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Choudhary, M. Ali ; Gabriel, Vasco J
• Ereignis: Veröffentlichung
• (wann): 2009

Weitere Informationen

• DOI: https://doi.org/10.1080/00036840701537851
• URN: urn:nbn:de:0168-ssoar-242318
• Rechteinformation: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Letzte Aktualisierung: 21.06.2024, 16:27 MESZ