scholarly journals Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

2016 ◽  
Author(s):  
Diego Anzoategui ◽  
Diego Comin ◽  
Mark Gertler ◽  
Joseba Martinez
Keyword(s):  
Technology Adoption ◽  
Business Cycle ◽  
Endogenous Technology

scholarly journals Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

2019 ◽  
Vol 11 (3) ◽  
pp. 67-110 ◽  
Author(s):  
Diego Anzoategui ◽  
Diego Comin ◽  
Mark Gertler ◽  
Joseba Martinez
Keyword(s):  
Technology Adoption ◽  
Business Cycle ◽  
Great Recession ◽  
Financial Crises ◽  
Significant Fraction ◽  
Significant Part ◽  
The Great Recession ◽  
Insight Into ◽  
Endogenous Technology

We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model with an endogenous TFP mechanism that allows for costly development and adoption of technologies. Our main finding is that a significant fraction of the post-Great Recession fall in productivity was an endogenous phenomenon, suggesting that demand factors played an important role in the postcrisis slowdown of capacity growth. More generally, we provide insight into why recoveries from financial crises may be so slow. (JEL E23, E24, E32, E44, G01)

scholarly journals Endogenous Technology Adoption and Medical Costs

2016 ◽  
Vol 25 (9) ◽  
pp. 1123-1147 ◽  
Author(s):  
Karine Lamiraud ◽  
Stephane Lhuillery
Keyword(s):  
Technology Adoption ◽  
Medical Costs ◽  
Endogenous Technology
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