Showing 1 - 10 of 48
Persistent link: https://www.econbiz.de/10009355585
The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls - difficult-to-specify...
Persistent link: https://www.econbiz.de/10002176992
The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls - difficult-to-specify...
Persistent link: https://www.econbiz.de/10011450090
Persistent link: https://www.econbiz.de/10003853074
Persistent link: https://www.econbiz.de/10011317161
Persistent link: https://www.econbiz.de/10001254699
Persistent link: https://www.econbiz.de/10012657688
Persistent link: https://www.econbiz.de/10011578760
Persistent link: https://www.econbiz.de/10011817959
This paper estimates a demand-led model of macroeconomic growth and fluctuations in which the growth rate of the economy's supply side converges to the growth rate of demand. Convergence happens because labor supply and productivity growth respond to the degree of slack in the economy. Faster...
Persistent link: https://www.econbiz.de/10014327475