Cyclical Productivity in U.S. Manufacturing by By Miguel Jimenez.

This work assesses empirically the various explanations for why productivity growth is procyclical. Some theories of business cycles state that productivity movements reflect changes in technology and are the driving force of economic fluctuations. This study investigates whether price-cost margins, externalities, or slow adjustment of the labor market can account for the behavior of productivity growth over the cycle. The application of standard econometric techniques to two different measures of productivity growth in American manufacturing industries, one based on quantities and one based on prices, shows that there is some labor hoarding, which is compatible with either margins or externalities.
`Author(s) :` By Miguel Jimenez.	`Format :` Hardback Book
`ISBN-10 :` 0815329741	`ISBN-13 :` 9780815329749
`RRP :` £70.00	`Best available price :` £ / $
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Product Details:

Series Title : Garland Studies in Industrial Productivity

Country Publication : United States

Publication Date : 18/11/1997

Publisher : Taylor & Francis Inc

Page Length : 179mm

Page Size : 229mm