Are Apparent Productive Spillovers a Figment of Specification Error? /
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...
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- Englisch
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Cambridge, Mass.
National Bureau of Economic Research
1995.
- Zusammenfassung:
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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.
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- 1 online resource: illustrations (black and white);
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- March 1995.
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