LeÛn-Ledesma, Miguel A.; Thirlwall, A. P. - In: Cambridge Journal of Economics 26 (2002) 4, pp. 441-459
The aim of this paper is to estimate the sensitivity of the natural rate of growth to the actual rate of growth for 15 OECD countries over the period 1961--95, on the hypothesis that the natural rate of growth is not exogenously given. To do this, we estimate the natural rate of growth and,...
