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Cyclical Productivity in U. S. Manufacturing,

JIMENEZ, Miguel,

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ISBN 10: 0815329741 / ISBN 13: 9780815329749
Editorial: Garland, 1997,, 1997
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Librería: Sutton Books (Norwich, VT, Estados Unidos de America)

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hbk 178pp ISBN 0 8153 2974 1 no dj as issued boards v sl shelf worn at spine o/w excl as new. N° de ref. de la librería EcT20-B

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Título: Cyclical Productivity in U. S. Manufacturing...

Editorial: Garland, 1997,

Año de publicación: 1997

Encuadernación: Hardcover

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This work assesses empirically the various explanations for why productivity growth is procyclical. Some theories of business cycles state that productivity movements reflect changes in technology and are the driving force of economic fluctuations. This study investigates whether price-cost margins, externalities, or slow adjustment of the labor market can account for the behavior of productivity growth over the cycle. The application of standard econometric techniques to two different measures of productivity growth in American manufacturing industries, one based on quantities and one based on prices, shows that there is some labor hoarding, which is compatible with either margins or externalities.

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