Do technology shocks drive hours up or down? A little evidence from an agnostic procedure
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- dc.contributor.author Pesavento, Elena
- dc.contributor.author Rossi, Barbara, 1971-
- dc.date.accessioned 2019-01-17T08:45:01Z
- dc.date.available 2019-01-17T08:45:01Z
- dc.date.issued 2005
- dc.description.abstract This paper analyzes the robustness of the estimate of a positive productivity shock on hours to the presence of a possible unit root in hours. Estimations in levels or in first differences provide opposite conclusions. We rely on an agnostic procedure in which the researcher does not have to choose between a specification in levels or in first differences. We find that a positive productivity shock has a negative impact effect on hours, but the effect is much shorter lived, and disappears after two quarters. The effect becomes positive at business-cycle frequencies, although it is not significant.en
- dc.format.mimetype application/pdf
- dc.identifier.citation Pesavento E, Rossi B. Do technology shocks drive hours up or down? A little evidence from an agnostic procedure. Macroecon Dyn. 2005 Sep;9(4):478-88. DOI: 10.1017/S1365100505040356
- dc.identifier.doi http://dx.doi.org/10.1017/S1365100505040356
- dc.identifier.issn 1365-1005
- dc.identifier.uri http://hdl.handle.net/10230/36308
- dc.language.iso eng
- dc.publisher Cambridge University Press
- dc.relation.ispartof Macroeconomic Dynamics. 2005 Sep;9(4):478-88.
- dc.rights © Cambridge University Press. The published version of the article: Pesavento E, Rossi B. Do technology shocks drive hours up or down? A little evidence from an agnostic procedure. Macroecon Dyn. 2005 Sep;9(4):478-88 is available at https://doi.org/10.1017/S1365100505040356
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.subject.keyword Technology shocks
- dc.subject.keyword Positive productivity
- dc.subject.keyword Hours worked
- dc.title Do technology shocks drive hours up or down? A little evidence from an agnostic procedure
- dc.type info:eu-repo/semantics/article
- dc.type.version info:eu-repo/semantics/acceptedVersion