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Do technology shocks lead to productivity slowdowns? : evidence from patent data

Author: Lone Engbo Christiansen; International Monetary Fund. Research Department.
Publisher: [Washington, D.C.?] : International Monetary Fund, ©2008.
Series: IMF working paper, WP/08/24.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The benchmark measure of technological progress is given by data on patent applications in the U.S. over the period 1889-2002. The analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on productivity differ between the pre- and post-World  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Christiansen, Lone Engbo.
Do technology shocks lead to productivity slowdowns?.
[Washington, D.C.?] : International Monetary Fund, ©2008
(OCoLC)213505106
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Lone Engbo Christiansen; International Monetary Fund. Research Department.
ISBN: 1282446835 9781282446830 9781451913392 1451913397
OCLC Number: 646980681
Notes: "January 2008."
At head of title: Research Department.
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (54 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/08/24.
Responsibility: prepared by Lone E. Christiansen.

Abstract:

This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The benchmark measure of technological progress is given by data on patent applications in the U.S. over the period 1889-2002. The analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on productivity differ between the pre- and post-World War II periods. The pre-war period shows evidence of a productivity slowdown as a result of the arrival of new technology, whereas the post-World War II period does not. Positive effects of technology shocks tend to show up sooner in the productivity data in the later period.

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