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A simple model of productivity slowdown
Author:
Toshihiko Mukoyama a
| Affiliation: | a Department of Economics, University of Virginia, Charlottesville, VA, USA |
DOI:
10.1080/13504850601018734
Publication Frequency:
18 issues per year
First Published:
March
2009
Subjects:
Economics;
Macroeconomics;
Formats available:
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(English)
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PDF
(English)
Also incorporating: Applied Financial Economics Letters
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Abstract
This article demonstrates a simple mechanism of productivity slowdown. There are two types of technological change: exogenous and endogenous. After news arrives that there will be an acceleration of exogenous technological progress in the future, endogenous technological progress may slow down.
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