The distribution of sectoral TFP growth rates: International evidence

被引：2
|
作者：
Gaffeo, Edoardo [1 ,2 ]
机构：
[1] Univ Trent, Dept Econ, Trento, Italy
[2] Univ Trent, CEEL, Trento, Italy
来源：
ECONOMICS LETTERS | 2011年 / 113卷 / 03期
关键词：
TFP; Stable distributions; Business cycle; PRODUCTIVITY; SHOCKS;
D O I：
10.1016/j.econlet.2011.08.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the distributional properties of TFP growth rates for countries in the G7 group. Our findings lend support to the hypothesis that multifactor productivity shocks can be plausibly fitted by a symmetric non-Gaussian stable distribution model. This leads to non-negligible implications for business cycle analysis. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码：252 / 255
页数：4
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