This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Learning Curves and the Cyclical Behavior of Manufacturing Industries Author info | Abstract | Publisher info | Download info | Related research | Statistics Peter Klenow (Graduate School of Business, University of Chicago)
Additional information is available for the following
registered author(s):
Building on evidence that (a) productivity growth from learning by doing diminishes as experience accumulates with a technology and (b) learning by doing is largely specific to each production technology, this paper models a firm's decision of when to update its technology. The model implies that technology updates endogenously bring large drops in productivity. The model also implies that technology updates are more likely in a boom than in a recession since a high rate of production enables the firm to learn more quickly about the new technology. The forces in this model may help explain some features of plant and industry level data, such as the procyclicality of investment (including plant investment spikes) and the modest correlation between labor input and productivity. (Copyright: Elsevier)
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics .
Volume (Year): 1 (1998)
Issue (Month): 2 (April)
Pages: 531-550
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:red:issued:v:1:y:1998:i:2:p:531-550Contact details of provider: Postal: Review of Economic Dynamics Academic Press Editorial Office 525 "B" Street, Suite 1900 San Diego, CA 92101 Fax: 1-860-486-4463 Email: Web page: http://www.EconomicDynamics.org/review.htm More information through EDIRC
Order Information: Email: Web: http://www.EconomicDynamics.org/RED17.htm
For technical questions regarding this item, or to correct its listing, contact: (Christian Zimmermann).
Keywords: Other versions of this item:
Find related papers by JEL classification: O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives L6 - Industrial Organization - - Industry Studies: Manufacturing D92 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Firm Choice and Growth, Investment, or Financing
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Argote, L. & Epple, D., 1990.
"Learning Curves In Manufacturing ,"
GSIA Working Papers
89-90-02, Carnegie Mellon University, Tepper School of Business.
Cooper, Russell & Haltiwanger, John, 1993.
"The Aggregate Implications of Machine Replacement: Theory and Evidence ,"
American Economic Review ,
American Economic Association, vol. 83(3), pages 360-82, June.
[Downloadable!] (restricted)
Other versions: Parente Stephen L., 1994.
"Technology Adoption, Learning-by-Doing, and Economic Growth ,"
Journal of Economic Theory ,
Elsevier, vol. 63(2), pages 346-369, August.
[Downloadable!] (restricted)
Phoebus J Dhrymes, 1991.
"The Structure Of Production Technology Productivity And Aggregation Effects ,"
Working Papers
91-5, Center for Economic Studies, U.S. Census Bureau.
[Downloadable!]
Mark Bils & Peter J. Klenow, 1998.
"Using Consumer Theory to Test Competing Business Cycle Models ,"
Journal of Political Economy ,
University of Chicago Press, vol. 106(2), pages 233-261, April.
[Downloadable!] (restricted)
Mark E. Doms & Timothy Dunne, 1998.
"Capital Adjustment Patterns in Manufacturing Plants ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 1(2), pages 409-429, April.
[Downloadable!] (restricted)
Other versions: Dhymes, P., 1991.
"The Structure of production Technology: Productivity and Aggregation Effects ,"
Discussion Papers
1991_07, Columbia University, Department of Economics.
Gort, Michael & Klepper, Steven, 1982.
"Time Paths in the Diffusion of Product Innovations ,"
Economic Journal ,
Royal Economic Society, vol. 92(367), pages 630-53, September.
[Downloadable!] (restricted)
Timothy Dunne, 1994.
"Plant Age and Technology Use in US. Manufacturing Industries ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 25(3), pages 488-499, Autumn.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Boyan Jovanovic & Chung-Yi Tse, 2006.
"Creative Destruction in Industries ,"
NBER Working Papers
12520, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Pavlova, Anna, 2003.
"Adjustment Costs, Learning-By-Doing, And Technology Adoption Under Uncertainty ,"
Working papers
4369-01, Massachusetts Institute of Technology (MIT), Sloan School of Management.
[Downloadable!]
Anna Pavlova, .
""Adjustment Costs, Learning-by-Doing, and Technology Adoption under Uncertainty'' ,"
CARESS Working Papres
99-07, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
[Downloadable!]
Austan Goolsbee, 1998.
"The Business Cycle, Financial Performance, and the Retirement of Capital Goods ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 1(2), pages 474-496, April.
[Downloadable!] (restricted)
Other versions: Xavier Mateos-Planas, 2001.
"Schooling and Distortions in a Vintage Capital Model ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 4(1), pages 127-158, January.
[Downloadable!] (restricted)
Other versions:
Mateos-Planas, X., 2000.
"Schooling and Distortions in a Vintage Capital Model ,"
Discussion Paper Series In Economics And Econometrics
0030, Economics Division, School of Social Sciences, University of Southampton.
Mateos-Planas, X., 2000.
"Schooling and Distortions in a Vintage Capital Model ,"
Discussion Paper Series In Economics And Econometrics
0030, Economics Division, School of Social Sciences, University of Southampton.
Georg Duernecker, 2008.
"Technology Adoption, Turbulence and the Dynamics of Unemployment ,"
Economics Working Papers
ECO2008/10, European University Institute.
[Downloadable!]
Alpanda, Sami & Peralta-Alva, Adrian, 2007.
"Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74 ,"
MPRA Paper
5896, University Library of Munich, Germany.
[Downloadable!]
Other versions:
Adrian Peralta-Alva & Sami Alpanda, 2004.
"Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74 ,"
Macroeconomics
0405019, EconWPA.
[Downloadable!] Sami Alpanda & Adrian Peralta-Alva, 2008.
"Oil crisis, energy-saving technological change and the stock market crash of 1973-74 ,"
Working Papers
2008-019, Federal Reserve Bank of St. Louis.
[Downloadable!] Sami Alpanda & Adrian Peralta-Alva, .
"Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74 ,"
Working Papers
0604, University of Miami, Department of Economics.
[Downloadable!] Peter Thompson, 2008.
"Learning by Doing ,"
Working Papers
0806, Florida International University, Department of Economics.
[Downloadable!]
Quella, NĂºria, 2007.
"Intra- and Inter-Sectoral Knowledge Spillovers and TFP Growth Rates ,"
MPRA Paper
2853, University Library of Munich, Germany.
[Downloadable!]
Other versions: Toshiya Ishikawa, 2004.
"Technology Diffusion and Business Cycle Asymmetry ,"
DEGIT Conference Papers
c009_016, DEGIT, Dynamics, Economic Growth, and International Trade.
[Downloadable!]
Boyan Jovanovic, 1995.
"Learning and Growth ,"
NBER Working Papers
5383, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
John Haltiwanger & Russell Cooper, 1992.
"The Aggregate Implications Of Machine Replacement: Theory And Evidence ,"
Working Papers
92-12, Center for Economic Studies, U.S. Census Bureau.
[Downloadable!]
Other versions:
Russell Cooper & John Haltiwanger, 1993.
"The Aggregate Implications of Machine Replacement: Theory and Evidence ,"
NBER Working Papers
3552, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Cooper, Russell & Haltiwanger, John, 1993.
"The Aggregate Implications of Machine Replacement: Theory and Evidence ,"
American Economic Review ,
American Economic Association, vol. 83(3), pages 360-82, June.
[Downloadable!] (restricted) Adrian Peralta-Alva & Sami Alpanda, 2006.
"Oil crisis, Energy Saving Technological Change, and the Stock Market Collapse of 1974 ,"
Computing in Economics and Finance 2006
49, Society for Computational Economics.
[Downloadable!]
Other versions:
Adrian Peralta-Alva (Presenter) & Sami Alpanda, 2004.
"Oil crisis, Energy Saving Technological Change, and the Stock Market Collapse of 1974 ,"
Econometric Society 2004 Latin American Meetings
250, Econometric Society.
[Downloadable!] Adrian Peralta Alva & Sami Alpanda, 2003.
"Oil crisis, Energy Saving Technological Change, and the Stock Market Collapse of 1974 ,"
Macroeconomics
0307007, EconWPA.
[Downloadable!] Hendricks, Lutz, .
"Equipment Investment and Growth In Developing Countries ,"
Working Papers
97/5, Arizona State University, Department of Economics.
[Downloadable!]
Other versions:
Hendricks, Lutz A., 2004.
"Equipment Investment and Growth In Developing Countries ,"
Staff General Research Papers
11932, Iowa State University, Department of Economics.
Hendricks, Lutz, 2000.
"Equipment investment and growth in developing countries ,"
Journal of Development Economics ,
Elsevier, vol. 61(2), pages 335-364, April.
[Downloadable!] (restricted) Boyan Jovanovic & Peter L. Rousseau, 2002.
"Moore's Law and Learning-By-Doing ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 346-375, April.
[Downloadable!] (restricted)
Other versions: Pavlova, Anna, 2002.
"Adjustment Costs, Learning-by-Doing, and Technology Adoption Under Uncertainty ,"
Working papers
4369-01, Massachusetts Institute of Technology (MIT), Sloan School of Management.
[Downloadable!]
Boyan Jovanovic, 1998.
"Michael Gort's Contribution to Economics ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 1(2), pages 327-337, April.
[Downloadable!] (restricted)
Access and
download statistics Did you know? You too can volunteer for RePEc, for example by editing a NEP report.
This page was last updated on 2009-1-6.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .