Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37099
Authors: 
Wesselbaum, Dennis
Year of Publication: 
2010
Series/Report no.: 
Kiel Working Paper 1634
Abstract: 
This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the endogenous component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning-by-doing effects dominate. We find no evidence for cleansing effects of recessions. Furthermore, the exogenous component of productivity growth is close to the two percent pace.
Subjects: 
Business Cycles
Cleansing Effects of Recessions
Endogenous Growth
Learning-by-Doing
JEL: 
C11
E32
O40
Document Type: 
Working Paper

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