| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w6898
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| 来源ID | Working Paper 6898
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| Learning by Doing and Aggregate Fluctuations |
| Russell Cooper; Alok Johri
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| 发表日期 | 1999
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| 出版年 | 1999
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| 语种 | 英语
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| 摘要 | A major unresolved issue in business cycle theory is the construction of an endogenous propagation mechanism capable of capturing the amount of persistence displayed in the data. In this paper we explore the quantitative implications of one propagation mechanism: learning by doing. Estimation of the parameters characterizing learning by doing is based both on aggregate 2-digit data and plant level observations in the US. The estimated learning by doing function is then integrated into a stochastic growth model in which fluctuations are driven by technology shocks. We conclude that learning by doing can be a powerful mechanism for generating endogenous persistence. |
| URL | https://www.nber.org/papers/w6898
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564409
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推荐引用方式
GB/T 7714 |
Russell Cooper,Alok Johri. Learning by Doing and Aggregate Fluctuations. 1999.
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文件名：
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w6898.pdf
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格式：
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Adobe PDF
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