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Production function residuals, VAR technology shocks, and hours worked: Evidence from industry data
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
Research Department, Sveriges Riksbank, Sweden.
2007 (English)In: Economics Letters, ISSN 0165-1765, Vol. 96, no 2, 259-263 p.Article in journal (Refereed) Published
Abstract [en]

Using disaggregate U.S. industry data, we analyze three different production function residuals and the technology shocks obtained from the Galí [Galí, J., 1999. Technology, employment, and the business cycle: Do technology shocks explain aggregate fluctuations? American Economic Review 89, 249–271.] structural VAR model. The different methods produce technology shocks that are highly correlated and negatively related to hours worked.

Place, publisher, year, edition, pages
2007. Vol. 96, no 2, 259-263 p.
Keyword [en]
Technology shocks, Productions function approach, Structural VAR models
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:uu:diva-108551DOI: 10.1016/j.econlet.2007.01.001ISI: 000248153800017OAI: oai:DiVA.org:uu-108551DiVA: diva2:236277
Available from: 2009-09-22 Created: 2009-09-22 Last updated: 2011-01-27Bibliographically approved

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