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Productivity shocks and employment: evidence from US industrial data

Malley, J., and Muscatelli, A. (1997) Productivity shocks and employment: evidence from US industrial data. Economics Letters, 57 (1). pp. 97-105. ISSN 0165-1765 (doi:10.1016/S0165-1765(97)81885-X)

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Publisher's URL: http://dx.doi.org/10.1016/S0165-1765(97)81885-X

Abstract

This paper examines the effects of productivity shocks on US employment. We find strong evidence supporting the presence of ‘capitalization effects' following technology shocks. Our findings provide empirical verification for a growing theoretical literature on business cycle-employment interactions.

Item Type:Article
Status:Published
Refereed:Yes
Glasgow Author(s):Malley, Prof James and Muscatelli, Prof Anton
Authors: Malley, J., and Muscatelli, A.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Economics Letters
Publisher:Elsevier BV
ISSN:0165-1765
ISSN (Online):1873-7374
Published Online:13 July 1998

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