Cyclical Productivity in US Manufacturing

1. Auflage 2017
ISBN: 978-1-138-85829-9
Verlag: Taylor & Francis Ltd

Buch, Englisch, 196 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 295 g

Reihe: Routledge Library Editions: Business Cycles

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.

Zielgruppe

General, Postgraduate, Professional, and Undergraduate

Autoren/Hrsg.

Jimenez, Miguel

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

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

Über Autor(innen)

Miguel Jiménez