My da|ra Login

Detailed view

metadata language: English

Replication data for: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

Version
1
Resource Type
Dataset
Creator
  • Anzoategui, Diego
  • Comin, Diego
  • Gertler, Mark
  • Martinez, Joseba
Publication Date
2019-07-01
Description
  • Abstract

    We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model with an endogenous TFP mechanism that allows for costly development and adoption of technologies. Our main finding is that a significant fraction of the post-Great Recession fall in productivity was an endogenous phenomenon, suggesting that demand factors played an important role in the postcrisis slowdown of capacity growth. More generally, we provide insight into why recoveries from financial crises may be so slow.
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/mac.20170269 (Text)
Publications
  • Anzoategui, Diego, Diego Comin, Mark Gertler, and Joseba Martinez. “Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence.” American Economic Journal: Macroeconomics 11, no. 3 (July 2019): 67–110. https://doi.org/10.1257/mac.20170269.
    • ID: 10.1257/mac.20170269 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Anzoategui, Diego; Comin, Diego; Gertler, Mark; Martinez, Joseba (2019): Replication data for: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116416V1