Thornton, John; Hviding, Ketil - In: Economia Internazionale / International Economics 52 (1999) 1, pp. 45-58
Inflation and the level of total factor, capital and labor productivity are integrated of the same order and are cointegrated in each of the G7 countries. The long-run relationship is mainly negative, the magnitude generally small, and there is no strong pattern of Granger causality between...
