Cyclical Productivity in US Manufacturing (RLE: Business Cycles)
Published on 27. March 2015
202 pages
978-1-317-51210-3 (ISBN)
Description
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 the business cycle do not explain satisfactorily why productivity is procyclical, and argues that the force of technology for generating economic cycles is much more important than that of the management or mismanagement of monetary or fiscal policies. This book is aimed at those working in empirical macroeconomics but also industrial economics.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Product notice
Reflowable
File size
2,17 MB
ISBN-13
978-1-317-51210-3 (9781317512103)
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Schweitzer Classification
Other editions
Additional editions
Book
02/2017
1st Edition
Routledge
€47.22
Shipment within 10-20 days
Book
03/2015
1st Edition
Routledge
€72.40
Shipment within 10-20 days
Person
Miguel Jiménez
Content
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
