Brinca, Pedro - In: Journal of Economic Dynamics and Control 47 (2014) C, pp. 1-19
This paper investigates the properties of distortions that manifest themselves as wedges in the equilibrium conditions of the neoclassical growth model across a sample of 22 OECD countries for the 1970–2011 period. The quantitative relevance of each wedge and its robustness in generating...