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Medium run redux: technical change, factor shares and frictions in the euro area

McAdam, Peter; Willman, Alpo - 2008

We develop a framework for analyzing “medium-run” departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking “directed” technical change) with a below-unitary substitution elasticity coupled with...

Persistent link: https://www.econbiz.de/10011604961

Elasticity of substitution and technical progress : is there a misspecification problem?

Federici, Daniela; Saltari, Enrico - In: Macroeconomic dynamics 22 (2018) 1, pp. 101-121

Persistent link: https://www.econbiz.de/10011914957

Medium run index

McAdam, Peter; Willman, Alpo - In: Macroeconomic dynamics 17 (2013) 4, pp. 695-727

Persistent link: https://www.econbiz.de/10009774996

Medium run redux : technical change, factor shares and frictions in the euro area

McAdam, Peter (contributor); Willman, Alpo (contributor) - 2008

We develop a framework for analyzing "medium-runʺ departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking "directedʺ technical change) with a below-unitary substitution elasticity coupled with...

Persistent link: https://www.econbiz.de/10003782663

Factor substitution and employment

Nakamura, Hideki - In: Modern economy 9 (2018) 7, pp. 1127-1136

Persistent link: https://www.econbiz.de/10011914497

Elasticity of substitution and the slowdown of the Italian productivity

Saltari, Enrico; Federici, Daniela - Volkswirtschaftliche Fakultät, … - 2014

The aim of this paper is to investigate the roots of the Italian total factor productivity slowdown. The analysis … endowments evolution assumes a key role. This fact may be view as one of the potential causes of the Italian productivity …

Persistent link: https://www.econbiz.de/10011111549