Döpke, Jörg - In: CESifo economic studies : CESifo, a joint initiative of … 50 (2004) 2, pp. 333-349
The paper analyses whether business cycle fluctuations affect long-run growth. This hypothesis is tested using quarterly time series for the G7-countries. A vector-autoregressive model containing total factor productivity and a survey-based direct measure of the business cycle is estimated. In...
