ARE APPARENT PRODUCTIVE SPILLOVERS A FIGMENT OF SPECIFICATION ERROR

被引：155

作者：

BASU, S

FERNALD, JG

机构：

[1] FED RESERVE SYST,BOARD GOVERNORS,DIV INT FINANCE,WASHINGTON,DC 20551

[2] UNIV MICHIGAN,DEPT ECON,ANN ARBOR,MI 48109

来源：

JOURNAL OF MONETARY ECONOMICS | 1995年 / 36卷 / 01期

基金：

美国国家科学基金会;

关键词：

EXTERNALITIES; PRODUCTIVITY; VALUE-ADDED; IMPERFECT COMPETITION;

D O I：

10.1016/0304-3932(95)01208-6

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using data on gross output for two-digit manufacturing industries, we find that an increase in the output of one manufacturing sector has little or no significant effect on the productivity of other sectors. Using value-added data, however, we confirm the results of previous studies which find that output spillovers instead appear large. We provide an explanation for these differences, showing why, with imperfect competition, the use of value-added data leads to a spurious finding of large apparent external effects.

引用

页码：165 / 188

页数：24