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- W2972434424 abstract "This study investigates the direct and intersectoral network effects of idiosyncratic TFP shocks on sectors’ growth in the context of US manufacturing industries. To deal with the potential endogeneity of TFP, we propose a novel set of instruments for contemporaneous regressors. These instruments are technology shocks identified via sign restriction from sectoral SVAR models. Using US input-output tables and industry-level data, we quantify direct and network-based effects of the shocks. Our results show that idiosyncratic technology shocks propagate mostly downstream the network. In addition, we capture strong contemporaneous direct effects of the shocks." @default.
- W2972434424 created "2019-09-19" @default.
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- W2972434424 date "2019-08-13" @default.
- W2972434424 modified "2023-09-27" @default.
- W2972434424 title "Direct and Network Effects of Idiosyncratic TFP Shocks" @default.
- W2972434424 hasPublicationYear "2019" @default.
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