Recessions and total factor productivity: Evidence from sectoral data
نویسندگان
چکیده
منابع مشابه
Stock Prices, Total Factor Productivity and Economic Fluctuations Some Further Evidence from Japanese and U.S. Sectoral Data
Here we supplement some earlier work (Beaudry and Portier [2004]) with some new evidence obtained from Japanese and U.S. sectoral data. Our results show that (i) In the U.S. as well as for Japan, Stock Prices short run movements incorporate most (all) of the long run shocks to Total Factor Productivity and (ii) the Stock Price news is indeed a shock that does not affect sectoral TFP s on impact...
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2021
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2020.09.025