An edition of Asymmetric cycles (2004)

Asymmetric cycles

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Asymmetric cycles
Boyan Jovanovic
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Last edited by MARC Bot
December 5, 2010 | 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

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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
in English
Libraries near you: WorldCat
Cover of: Asymmetric cycles
Asymmetric cycles
2004, National Bureau of Economic Research
Electronic resource in English
  • Not in Library

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Book Details

Published in

Cambridge, MA

Edition Notes

Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/27/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Series
NBER working paper series ;, working paper 10573, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10573.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3476788M
LCCN
2005616330

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History

Download catalog record: RDF / JSON
December 13, 2020 Edited by MARC Bot import existing book
December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 3, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page