The DOI matches its Crossref record; 27 of the 27 references it cites were found in a registry or an index.
Are apparent productive spillovers a figment of specification error?
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.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis
Perron, P. (1989) · Econometrica · doi:10.2307/1913712 · Cited by 7,732
Innovation and Growth in the Global Economy.
Taylor, M. S., Grossman, G. M., & Helpman, E. (1993) · Economica · doi:10.2307/2554862 · Cited by 6,231
Innovation and growth in the global economy
Broadberry, S. (1992) · International Journal of Industrial Organization · doi:10.1016/0167-7187(92)90023-r · Cited by 3,930
Jaffe, A. (1986) · National Bureau of Economic Research · doi:10.3386/w1815 · Cited by 2,808
Aggregate Demand Management in Search Equilibrium
Diamond, P. A. (1982) · Journal of Political Economy · doi:10.1086/261099 · Cited by 1,932
Tax Policy and Investment Behavior
Jorgenson, D. W., & Hall, R. E. (1967) · American Economic Review · Cited by 1,726
“The Relation between Price and Marginal Cost in U.S. Industry”
Hall, R. E. (1988) · Journal of Political Economy · doi:10.1086/261570 · Cited by 1,207
The Relation Between Price and Marginal Cost in U.S. Industry
Hall, R. (1986) · National Bureau of Economic Research · doi:10.3386/w1785 · Cited by 1,106
Productivity Dynamics in Manufacturing Plants
Baily, M. N., Hulten, C., Campbell, D., Bresnahan, T., & Caves, R. E. (1992) · Brookings Papers on Economic Activity. Microeconomics · doi:10.2307/2534764 · Cited by 1,045
Nations and households in economic growth : essays in honor of Moses Abramovitz
Abramovitz, M., David, P. A., & Reder, M. W. (1974) · Cited by 926
Cited by
Computing Productivity: Firm-Level Evidence
Brynjolfsson, E., & Hitt, L. M. (2003) · Review of Economics and Statistics · doi:10.1162/003465303772815736 · Cited by 1,441
Returns to Scale in U.S. Production: Estimates and Implications
Basu, S., & Fernald, J. G. (1997) · Journal of Political Economy · doi:10.1086/262073 · Cited by 1,362
Self-citationEstimating Production Functions Using Inputs to Control for Unobservables
Levinsohn, J., & Petrin, A. (2000) · National Bureau of Economic Research · doi:10.3386/w7819 · Cited by 1,072
Roads to Prosperity? Assessing the Link Between Public Capital and Productivity
Fernald, J. G. (1999) · American Economic Review · doi:10.1257/aer.89.3.619 · Cited by 892
Self-citationInformation Technology and the U.S. Productivity Revival: What Do the Industry Data Say?
Stiroh, K. J. (2002) · American Economic Review · doi:10.1257/000282802762024638 · Cited by 784
Metadata
- Authors
- Basu, S., & Fernald, J. G.
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 1995-08
- Volume
- 36
- Issue
- 1
- Pages
- 165-188
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W2060606743
- Cited by
- 317
- References
- 27
- FWCI
- 31.46
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Are apparent productive spillovers a figment of specification error? https://app.cochat.ai/papers/10.1016/0304-3932(95)01208-6
- The paper
- Basu, S., & Fernald, J. G. (1995). Are apparent productive spillovers a figment of specification error? Journal of Monetary Economics. https://doi.org/10.1016/0304-3932(95)01208-6
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
