|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Procyclical labour productivity: A closer look at a stylized fact|
|Author(s):||Hart, Robert A|
Malley, James R
|Citation:||Hart RA & Malley JR (1999) Procyclical labour productivity: A closer look at a stylized fact. Economica, 66 (264), pp. 533-550. https://doi.org/10.1111/1468-0335.00187|
|Abstract:||At 4-digit United States manufacturing industry level, we find evidence suggesting that thestylized fact of procyclical labour productivity should be treated with great caution. We usethe NBER Manufacturing Productivity database to investigate the relationship betweenhourly labour productivity and real output for 450 industries for the years 1958-91. Labourproductivity is significantly procyclical in 63% of industries and acyclical in 36%. In the latterrespect, a high proportion of investment goods industries display acyclical productivity.Cross-section regressions are carried out that seek to explain the interindustry distribution ofcyclicality. The analysis attributes a significant role to variations in materials costs, as a proxyfor fluctuations in factor utilization.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Hart_1999_Procyclical_Labour_Productivity.pdf||Fulltext - Published Version||366.05 kB||Adobe PDF||Under Embargo until 2996-08-31 Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact firstname.lastname@example.org providing details and we will remove the Work from public display in STORRE and investigate your claim.