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...
Gespeichert in:
| Veröffentlicht in: | Journal of monetary economics 1995-08, Vol.36 (1), p.165-188 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 188 |
|---|---|
| container_issue | 1 |
| container_start_page | 165 |
| container_title | Journal of monetary economics |
| container_volume | 36 |
| creator | Basu, Susanto Fernald, John G. |
| description | 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. |
| doi_str_mv | 10.1016/0304-3932(95)01208-6 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_38616414</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>0304393295012086</els_id><sourcerecordid>9159543</sourcerecordid><originalsourceid>FETCH-LOGICAL-c565t-c00e108d8a3a18a84e3a10adc2e9db01c5e5cee7e220dd3e17e1e0ede53fd70c3</originalsourceid><addsrcrecordid>eNp9kM1q3TAQRkVoIbdp36ALk0BpF05nJEuWNwkh_UlCoJt2LRRp3CrYliP5XsjbV84tWRTaxWiEdL5hOIy9RThFQPURBDS16AR_38kPgBx0rQ7YBnUrauSdfME2z8ghe5XzPQBg16oN-3SRqLLzbBNNSzWn6LduCTuq8hyGIe4o5cpWffg5rv-xL-_kQh-cXUKcKkoppvPX7GVvh0xv_vQj9uPL5--XV_Xtt6_Xlxe3tZNKLrUDIATttRUWtdUNlQ7WO06dvwN0kqQjaolz8F4QtoQE5EmK3rfgxBF7t59b9nzYUl7MGLKjYbATxW02QitUDTYFPP4LvI_bNJXdDAfZSo6IBTr5F1SkcZQoQReq2VMuxZwT9WZOYbTp0SCY1b5Z1ZpVremkebJvVInd7GOJirDnDBGNcSIXzc4IK1Q5HkthV6LChvVaal67kga1Nr-WsQw72w-jIncXKJnsAk2OfEjkFuNj-P82vwG_PKQq</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1292151508</pqid></control><display><type>article</type><title>Are apparent productive spillovers a figment of specification error?</title><source>RePEc</source><source>Elsevier ScienceDirect Journals Complete</source><source>Periodicals Index Online</source><creator>Basu, Susanto ; Fernald, John G.</creator><creatorcontrib>Basu, Susanto ; Fernald, John G.</creatorcontrib><description>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.</description><identifier>ISSN: 0304-3932</identifier><identifier>EISSN: 1873-1295</identifier><identifier>DOI: 10.1016/0304-3932(95)01208-6</identifier><identifier>CODEN: JMOEDW</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><subject>Competition ; Economic models ; Externalities ; Imperfect competition ; Industry ; Manufacturers ; Manufacturing ; Monetary economics ; Output ; Productivity ; Statistical analysis ; Studies ; Value-added</subject><ispartof>Journal of monetary economics, 1995-08, Vol.36 (1), p.165-188</ispartof><rights>1995</rights><rights>Copyright Elsevier Sequoia S.A. Aug 1995</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c565t-c00e108d8a3a18a84e3a10adc2e9db01c5e5cee7e220dd3e17e1e0ede53fd70c3</citedby><cites>FETCH-LOGICAL-c565t-c00e108d8a3a18a84e3a10adc2e9db01c5e5cee7e220dd3e17e1e0ede53fd70c3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/0304-3932(95)01208-6$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>315,781,785,3551,4009,27871,27926,27927,45997</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeemoneco/v_3a36_3ay_3a1995_3ai_3a1_3ap_3a165-188.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Basu, Susanto</creatorcontrib><creatorcontrib>Fernald, John G.</creatorcontrib><title>Are apparent productive spillovers a figment of specification error?</title><title>Journal of monetary economics</title><description>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.</description><subject>Competition</subject><subject>Economic models</subject><subject>Externalities</subject><subject>Imperfect competition</subject><subject>Industry</subject><subject>Manufacturers</subject><subject>Manufacturing</subject><subject>Monetary economics</subject><subject>Output</subject><subject>Productivity</subject><subject>Statistical analysis</subject><subject>Studies</subject><subject>Value-added</subject><issn>0304-3932</issn><issn>1873-1295</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1995</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>K30</sourceid><recordid>eNp9kM1q3TAQRkVoIbdp36ALk0BpF05nJEuWNwkh_UlCoJt2LRRp3CrYliP5XsjbV84tWRTaxWiEdL5hOIy9RThFQPURBDS16AR_38kPgBx0rQ7YBnUrauSdfME2z8ghe5XzPQBg16oN-3SRqLLzbBNNSzWn6LduCTuq8hyGIe4o5cpWffg5rv-xL-_kQh-cXUKcKkoppvPX7GVvh0xv_vQj9uPL5--XV_Xtt6_Xlxe3tZNKLrUDIATttRUWtdUNlQ7WO06dvwN0kqQjaolz8F4QtoQE5EmK3rfgxBF7t59b9nzYUl7MGLKjYbATxW02QitUDTYFPP4LvI_bNJXdDAfZSo6IBTr5F1SkcZQoQReq2VMuxZwT9WZOYbTp0SCY1b5Z1ZpVremkebJvVInd7GOJirDnDBGNcSIXzc4IK1Q5HkthV6LChvVaal67kga1Nr-WsQw72w-jIncXKJnsAk2OfEjkFuNj-P82vwG_PKQq</recordid><startdate>19950801</startdate><enddate>19950801</enddate><creator>Basu, Susanto</creator><creator>Fernald, John G.</creator><general>Elsevier B.V</general><general>Elsevier</general><general>North-Holland Pub. Co</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>JQCIK</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19950801</creationdate><title>Are apparent productive spillovers a figment of specification error?</title><author>Basu, Susanto ; Fernald, John G.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c565t-c00e108d8a3a18a84e3a10adc2e9db01c5e5cee7e220dd3e17e1e0ede53fd70c3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1995</creationdate><topic>Competition</topic><topic>Economic models</topic><topic>Externalities</topic><topic>Imperfect competition</topic><topic>Industry</topic><topic>Manufacturers</topic><topic>Manufacturing</topic><topic>Monetary economics</topic><topic>Output</topic><topic>Productivity</topic><topic>Statistical analysis</topic><topic>Studies</topic><topic>Value-added</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Basu, Susanto</creatorcontrib><creatorcontrib>Fernald, John G.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 33</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of monetary economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Basu, Susanto</au><au>Fernald, John G.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Are apparent productive spillovers a figment of specification error?</atitle><jtitle>Journal of monetary economics</jtitle><date>1995-08-01</date><risdate>1995</risdate><volume>36</volume><issue>1</issue><spage>165</spage><epage>188</epage><pages>165-188</pages><issn>0304-3932</issn><eissn>1873-1295</eissn><coden>JMOEDW</coden><abstract>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.</abstract><cop>Amsterdam</cop><pub>Elsevier B.V</pub><doi>10.1016/0304-3932(95)01208-6</doi><tpages>24</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0304-3932 |
| ispartof | Journal of monetary economics, 1995-08, Vol.36 (1), p.165-188 |
| issn | 0304-3932 1873-1295 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38616414 |
| source | RePEc; Elsevier ScienceDirect Journals Complete; Periodicals Index Online |
| subjects | Competition Economic models Externalities Imperfect competition Industry Manufacturers Manufacturing Monetary economics Output Productivity Statistical analysis Studies Value-added |
| title | Are apparent productive spillovers a figment of specification error? |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-17T19%3A54%3A22IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Are%20apparent%20productive%20spillovers%20a%20figment%20of%20specification%20error?&rft.jtitle=Journal%20of%20monetary%20economics&rft.au=Basu,%20Susanto&rft.date=1995-08-01&rft.volume=36&rft.issue=1&rft.spage=165&rft.epage=188&rft.pages=165-188&rft.issn=0304-3932&rft.eissn=1873-1295&rft.coden=JMOEDW&rft_id=info:doi/10.1016/0304-3932(95)01208-6&rft_dat=%3Cproquest_cross%3E9159543%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1292151508&rft_id=info:pmid/&rft_els_id=0304393295012086&rfr_iscdi=true |