Benk, Szilard; Csabafi, Tamas; Dang, Jing; Gillman, Max; … - 2016
along with output growth persistence by including a human capital investment sector and a variable physical capital … utilization rate. Strong internal "amplication" results from an economy-wide productivity shock across goods and human capital …". Countercyclic human capital investment time and procyclic physical capital capacity utilization rates are also found as in data …