Data/hora: 09/06/2024 05:49:24

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Do Technology Shocks Shift Output? An Empirical Analysis of a Two Factor Model
Autores: | Ulku,   Hulya.
Data: | 2006-08-10
Ano: | 2005
Palavras-chave: | Technology shocks; Innovation; R&amp;D; Patents; Output; Research and Development/Tech Change/Emerging Technologies.
Resumo: | This study identifies the effect of technology shocks on aggregate output using confirmatory factor analysis employed by Griliches, Hall and Pakes (1991). The analysis is based on the assumptions that there are two distinct shocks in an economy, demand and technology shocks, and that the patent data contain additional information on technology shocks. The findings show that, while the patent and R&amp;D data do not contain significant information on technology shocks in the full sample of OECD countries, they do have significant information on these shocks in the G13 countries. The results suggest that, in the G13 countries technology shocks can explain almost all of the unexpected changes in patent stock, half of those in R&amp;D stock and a quarter of the unexpected changes in GDP.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

23338

http://purl.umn.edu/30547

Editor: | AgEcon Search

Relação:

University of Manchester&gt;Institute for Development Policy and Management (IDPM) &gt;Development Economics and Public Policy Working Papers

Development Economics and Public Policy Working Paper 15/2005

Formato:

20

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