NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

Diego Anzoategui, Diego Comin, Mark Gertler, Joseba Martinez

NBER Working Paper No. 22005
Issued in February 2016, Revised in March 2017

---- Acknowledgments ----

Thanks to Francesco Bianchi, Bob Hall, Howard Kung, and Chris Tonetti for helpful comments. Financial assistance from the NSF is greatly appreciated. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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