For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy …, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non …-­neutral technology proposed by McGrattan & Prescott (2010) to the Japanese economy, and finds that the predictions derived from the new …

For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy …, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non …-neutral technology proposed by McGrattan & Prescott (2010) to the Japanese economy, and finds that the predictions derived from the new …

Estimates of potential output growth for Australia, the United States and Canada are presented and analysed in this … (SIRG). At around 4 per cent per annum, Australia's SIRG has been relatively stable for the past 30 years, which seems … reduction in employment growth in Australia from the 1980s to the 1990s may account for the absence of a rise in potential …