The role of output composition in the stabilization of US output growth.Ioannides, Yannis Menelaos.
US output growth became much more stable over the past half-century. This paper assesses the role of changes in the composition of output — the increasing importance of stable sectors and diminishing importance of volatile sectors — in this stabilization. Our decomposition of output growth volatility by one-digit industry indicates that a bit less than half of the drop in volatility between the pr... read more
- Economic development--United States.
- Tufts University. Department of Economics.
- Permanent URL
- Original publication
- Eggers, Andrew and Yannis Ioannides. 2006. "The role of output composition in the stabilization of US output growth." Journal of Macroeconomics 28(3): 585-595. doi:10.1016/j.jmacro.2004.09.007