Chichilnisky, Graciela (contributor); … - 2004 - [Elektronische Ressource]
that these sectors amplify the business cycle due to their
increasing returns to scale, growing faster than others in an … business cycle in the sense that
they grow faster than other sectors during expansions, and contract faster during
downturns … real
betas during 1977-2001 period. The last section suggests policy conclusions.
3
The effect of the business cycle on IRS …