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Source CiteSeerX
Content type Text
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Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Physical Quantity ♦ Sector-specific Demand ♦ U Aggregate Investment Growth ♦ Theoretical Quantity ♦ Real Gdp Statisics ♦ U Data ♦ Post-wwii Period ♦ Supply Shock ♦ Real Gdp
Abstract This paper points out that real GDP statisics respond differently to sector-specific demand and supply shocks for the exactly same changes in physical quantities. The paper illustrates how this property arises from the theoretical quantity aggregates that real GDP is designed to approximate. The paper also presents an application to US data suggesting that these factors have contributed significantly to the behavior of US aggregate investment growth in the post-WWII period.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article
Publisher Date 2004-01-01