Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
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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 first present some panel data evidence that technology diffusion is highly cyclical. We then develop and
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美国国家经济研究局创建时间：
2016-02-01
