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Book/Printed Material Asymmetric cycles

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Title

  • Asymmetric cycles

Summary

  • "I estimate a model in which new technology entails random adjustment costs. Rapid adjustments may cause productivity slowdowns. These slowdowns last longer when retooling is costly. The model explains why growth-rate disasters are more likely than miracles, and why volatility of growth relates negatively to growth over time. I estimate the model, and the estimates have surprising implications. Firms seem to abandon technologies long before they are perfected current-practice TFP is 17 percent below best-practice"--National Bureau of Economic Research web site.

Names

  • Jovanovic, Boyan, 1951-
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

  • -  Industrial productivity--Mathematical models
  • -  Technological innovations--Mathematical models

Notes

  • -  Title from PDF file as viewed on 1/27/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005616330

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Jovanovic, Boyan, and National Bureau Of Economic Research. Asymmetric Cycles. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. https://aj.sunback.homes/item/2005616330/.

APA citation style:

Jovanovic, B. & National Bureau Of Economic Research. (2004) Asymmetric Cycles. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://aj.sunback.homes/item/2005616330/.

MLA citation style:

Jovanovic, Boyan, and National Bureau Of Economic Research. Asymmetric Cycles. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. Retrieved from the Library of Congress, <aj.sunback.homes/item/2005616330/>.