Original paper
Sectoral Solow residuals
Abstract
This paper presents capital utilization corrected measures of technology shocks for aggregate and disaggregated (two-digit Standard Industrial Classification code) industries. We correct for variations in capital utilization by employing industrial electrical use as a measure of capital services. In contrast, the standard measures of technology shocks used in the Real Business Cycle literature are based on economy wide data and assume that...
Paper Details
Title
Sectoral Solow residuals
Published Date
Apr 1, 1996
Journal
Volume
40
Issue
3-5
Pages
861 - 869
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Notes
History