frequency domain

Drift and Breaks in Labour Productivity

JEL codes: 
E30, E32
Version Date: 
Jul 2006
Author/s: 
Abstract: 

We use tests for multiple breaks at unknown points in the sample, and the Stock-Watson (1996, 1998) time-varying parameters median-unbiased estimation methodology, to investigate changes in the equilibrium rate of growth of labor productivity–both per hour and per worker–in the United States, the Eurozone Australia, and Japan over the post-WWII era. Results for the U.S.

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