Journal article | Zeitschriftenartikel

Is There Really a Gap Between Aggregate Productivity and Technology?

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.

Is There Really a Gap Between Aggregate Productivity and Technology?

Urheber*in: Choudhary, M. Ali; Gabriel, Vasco J

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ISSN
1466-4283
Extent
Seite(n): 3499-3503
Language
Englisch
Notes
Status: Postprint; begutachtet (peer reviewed)

Bibliographic citation
Applied Economics, 41(27)

Subject
Wirtschaft
Volkswirtschaftstheorie

Event
Geistige Schöpfung
(who)
Choudhary, M. Ali
Gabriel, Vasco J
Event
Veröffentlichung
(when)
2009

DOI
URN
urn:nbn:de:0168-ssoar-242318
Rights
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Last update
21.06.2024, 4:27 PM CEST

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Object type

  • Zeitschriftenartikel

Associated

  • Choudhary, M. Ali
  • Gabriel, Vasco J

Time of origin

  • 2009

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