An edition of Asymmetric cycles (2004)

Asymmetric cycles

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Asymmetric cycles
Boyan Jovanovic
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Last edited by WorkBot
December 15, 2009 | History
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An edition of Asymmetric cycles (2004)

Asymmetric cycles

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"I estimate a model in which new technology entails random adjustment costs. Rapid adjustments may cause productivity slowdowns. These slowdowns last longer when retooling is costly. The model explains why growth-rate disasters are more likely than miracles, and why volatility of growth relates negatively to growth over time. I estimate the model, and the estimates have surprising implications. Firms seem to abandon technologies long before they are perfected current-practice TFP is 17 percent below best-practice"--National Bureau of Economic Research web site.

Publish Date
Publisher
National Bureau of Economic Research
Language
English
Pages
25

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Subjects
Business cycles, Industrial productivity, Mathematical models, Technological innovations

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Edition Availability
Cover of: Asymmetric cycles
Asymmetric cycles
2004, National Bureau of Economic Research
Electronic resource in English
Cover of: Asymmetric cycles
Asymmetric cycles
2004, National Bureau of Economic Research
in English
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Book Details

Edition Notes

"June 2004."

Includes bibliographical references (p. 19-21).

Also available in PDF from the NBER world wide web site (www.nber.org).

Published in
Cambridge, Mass
Series
NBER working paper series -- no. 10573., Working paper series (National Bureau of Economic Research) -- working paper no. 10573.

The Physical Object

Pagination
25 p. :
Number of pages
25

ID Numbers

Open Library
OL17620920M
OCLC/WorldCat
55948505

Source records

Oregon Libraries MARC record

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History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 15, 2009 Edited by WorkBot link works
April 25, 2009 Edited by ImportBot add OCLC number
September 29, 2008 Created by ImportBot Imported from Oregon Libraries MARC record