| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4902 |
| DP4902 Exclusive Dealing, Entry and Mergers | |
| Massimo Motta; Lars Persson; Chiara Fumagalli | |
| 发表日期 | 2005-02-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Recent work on the effects of permanent technology shocks argue that the basic RBC model cannot account for a negative correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct. In the basic RBC model, I find that hours worked fall and labour productivity rises after a positive permanent technology shock once one allows for the possibility that the process for the permanent technology shock is persistent in growth rates. A more serious limitation of the RBC model is its inability to generate a persistent rise in hours worked after a positive permanent technology shock along with a rise in labour productivity that are in line with what the data suggests. |
| 主题 | International Macroeconomics |
| 关键词 | Permanent technology shocks Hours worked per capita Labour productivity Real business cycle model Vector autoregressions |
| URL | https://cepr.org/publications/dp4902 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533805 |
| 推荐引用方式 GB/T 7714 | Massimo Motta,Lars Persson,Chiara Fumagalli. DP4902 Exclusive Dealing, Entry and Mergers. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
