Learning-by-doing and aggregate fluctuations
نویسندگان
چکیده
منابع مشابه
Learning by Doing and Aggregate Fluctuations
A major unresolved issue in business cycle theory is the construction of an endogenous propagation mechanism capable of capturing the persistence displayed in the data. In this paper we explore the quantitative implications of one propagation mechanism: learning by doing. Estimation of the parameters characterizing learning by doing is based on aggregate, 2-digit and plant level observations in...
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This paper models uctuations in regional disaggregates as a nonstationary, dynamically evolving distribution. Doing so enables study of the dynamics of aggregate uctuations jointly with those of the rich cross-section of regional disaggregates. For the US, the leading state| regardless of which it happens to be|contains strong predictive power for aggregate uctuations. This e ect is di cult to ...
متن کاملLearning by doing.
You have roughly 40 contact hours in a typical course. If all you do in them is lecture, you might as well just hand out your notes and let the students find something more productive to do with all that time. The only way a skill is developed—skiing, cooking, writing, critical thinking, or solving thermodynamics problems—is practice: trying something, seeing how well or poorly it works, reflec...
متن کاملLearning by Doing
This chapter reviews the theoretical and empirical literature on learning by doing. Many of the distinctive theoretical implications of learning by doing have been derived under the assumption that the cost-quantity relationships observed in numerous empirical studies are largely the result of passive learning, and some further require that passive learning is unbounded. The empirical literatur...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2002
ISSN: 0304-3932
DOI: 10.1016/s0304-3932(02)00180-0