Dupaigne, Martial and Fève, Patrick
(2009)
Hours Worked and Permanent Technology Shocks in Open Economies.
TSE Working Paper, n. 09-114
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Abstract
We use Structural Vector Autoregressions to study the impact of technology improvements on hours worked in the major seven countries. While previous studies estimate the response of labor input to permanent shocks to country -level labor productivity, we consider the response of labor input to aggregate -level labor productivity. Since labor productivities do cointegrate in the G7, the estimated responses should look very similar. They do not: for each country but Germany, the responses estimated using G7 labor productivity sizeably exceed those estimated using country -level labor productivity. These results also hold in larger SVAR models.
Item Type: | Monograph (Working Paper) |
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Language: | English |
Date: | November 2009 |
JEL Classification: | C32 - Time-Series Models E32 - Business Fluctuations; Cycles F41 - Open Economy Macroeconomics |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Site: | UT1 |
Date Deposited: | 18 Jan 2012 06:01 |
Last Modified: | 02 Apr 2021 15:36 |
OAI Identifier: | oai:tse-fr.eu:22263 |
URI: | https://publications.ut-capitole.fr/id/eprint/3305 |