Do Technology Shocks Lead to Productivity Slowdowns?: Evidence From Patent Data
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 fal...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/24 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (54 p) |
ISBN: | 1451868863 9781451868869 |
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spelling | Christiansen, Lone Engbo Verfasser aut Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data Christiansen, Lone Engbo Washington, D.C International Monetary Fund 2008 1 Online-Ressource (54 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/24 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 Online-Ausg http://elibrary.imf.org/view/IMF001/08965-9781451868869/08965-9781451868869/08965-9781451868869.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Christiansen, Lone Engbo Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data |
title | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data |
title_auth | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data |
title_exact_search | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data |
title_exact_search_txtP | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data |
title_full | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data Christiansen, Lone Engbo |
title_fullStr | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data Christiansen, Lone Engbo |
title_full_unstemmed | Do Technology Shocks Lead to Productivity Slowdowns? Evidence From Patent Data Christiansen, Lone Engbo |
title_short | Do Technology Shocks Lead to Productivity Slowdowns? |
title_sort | do technology shocks lead to productivity slowdowns evidence from patent data |
title_sub | Evidence From Patent Data |
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