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Can I read The Source of UK Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions on EtoBox?
The Source of UK Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions by Neville Francis is a Economics, Econometrics and Finance article available to read on EtoBox.
What is The Source of UK Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions about?
This paper investigates the source of historical fluctuations in annual UK labor productivity and employment data extending back to the 19 th century. Long-run identifying restrictions are used to decompose shocks into technology shocks and other shocks. The UK results show more sample stability than similar historical results found for the U.S. in a companion paper. The shortrun impact of technology shocks on labor is found to be negative both before and after WWII, regardless of the data generating process assumed for labor. This suggests that the technologydriven real business cycle hypothesis is strongly rejected for the UK. The decomposition also reveals important changes in the volatility of shocks over time.
Who reads The Source of UK Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Neville Francis
- Publisher
- Walter de Gruyter GmbH
- Published
- 2009
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)