Are Technology Improvements Contractionary?
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https://www.nber.org/papers/w10592
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Yes. We construct a measure of aggregate technology change, controlling for varying utilization of capital and labor, non-constant returns and imperfect competition, and aggregation effects. On impact, when technology improves, input use and non-residential investment fall sharply. Output changes
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美国国家经济研究局创建时间：
2004-06-01
