Research output: Contribution to journal › Article
10Citations
(Scopus)
Abstract
This paper provides strong evidence showing that the rate of technical progress plays an important role in stabilizing business cycle volatility. Empirical tests consistently indicate that business cycle volatility diminishes with increasing rates of technical progress. Using alternative estimates of technical progress and datasets do not alter the conclusion. (C) 2002 Elsevier Science B.V. All rights reserved.
title = "The link between volatility and technical progress: cross-country evidence",
abstract = "This paper provides strong evidence showing that the rate of technical progress plays an important role in stabilizing business cycle volatility. Empirical tests consistently indicate that business cycle volatility diminishes with increasing rates of technical progress. Using alternative estimates of technical progress and datasets do not alter the conclusion. (C) 2002 Elsevier Science B.V. All rights reserved.",
Research output: Contribution to journal › Article
TY - JOUR
T1 - The link between volatility and technical progress: cross-country evidence
AU - Tang, Sam
PY - 2002
Y1 - 2002
N2 - This paper provides strong evidence showing that the rate of technical progress plays an important role in stabilizing business cycle volatility. Empirical tests consistently indicate that business cycle volatility diminishes with increasing rates of technical progress. Using alternative estimates of technical progress and datasets do not alter the conclusion. (C) 2002 Elsevier Science B.V. All rights reserved.
AB - This paper provides strong evidence showing that the rate of technical progress plays an important role in stabilizing business cycle volatility. Empirical tests consistently indicate that business cycle volatility diminishes with increasing rates of technical progress. Using alternative estimates of technical progress and datasets do not alter the conclusion. (C) 2002 Elsevier Science B.V. All rights reserved.