Z
Zvi Hercowitz
Researcher at Tel Aviv University
Publications - 76
Citations - 7608
Zvi Hercowitz is an academic researcher from Tel Aviv University. The author has contributed to research in topics: Government spending & Debt. The author has an hindex of 24, co-authored 76 publications receiving 7429 citations. Previous affiliations of Zvi Hercowitz include University of Rochester & Interdisciplinary Center Herzliya.
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Investment, Capacity Utilization and the Real Business Cycle
Jeremy Greenwood,Zvi Hercowitz +1 more
TL;DR: In this article, the authors adopt the Keynesian view that direct shocks to investment are important for business fluctuations, but incorporate them in a neo-classical framework where the rate of capital expenditure is fixed.
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Long-Run Implications of Investment-Specific Technological Change
TL;DR: The role of investment-specific technological change played in generating postwar US growth is investigated in this paper, where the introduction of new, more efficient capital goods is an important source of productivity change, and an attempt is made to disentangle its effects from the more traditional Hicks-neutral form of technological progress.
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Long-Run Implications of Investment-Specific Technological Change
TL;DR: In this paper, a balanced growth path for the model is characterized and calibrated to U.S. National Income and Product Account (NIPA) data, and quantitative analysis suggests that investment-specific technological change accounts for the major part of growth.
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The role of investment-specific technological change in the business cycle
TL;DR: In this paper, a quantitative investigation of the importance of technological change to new investment goods for postwar US aggregate US aggregate consumption is presented. But the analysis suggests that this form of technology change is the source of only about 30% of output growth.
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The Allocation of Capital and Time over the Business Cycle
Jeremy Greenwood,Zvi Hercowitz +1 more
TL;DR: In this article, a model of household production is developed to study the cyclical allocation of capital and time between market and home activities, and the model is parameterized and simulated for the postwar U.S. economy.