Finance and Economics Discussion Series: Computers and Growth with Costs of Adjustment: Will the Future Look Like the Past by Michael T. Kiley

Finance and Economics Discussion Series: Computers and Growth with Costs of Adjustment: Will the Future Look Like the Past

Michael T. Kiley

34 pages missing pub info (editions)

nonfiction politics
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This paper augments the traditional growth accounting framework by including a common specification of investment adjustment costs and uses the new framework to examine the past and likely future growth in nonfarm business output in the United Sta...

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