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Unmeasured Investment and the Puzzling U.S. Boom in the 1990s

McGrattan, Ellen R. - 2008

The basic neoclassical growth model accounts well for the postwar cyclical behavior of the U.S. economy prior to the 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are incorporated. For the 1990s, the model predicts a depressed...

Persistent link: https://www.econbiz.de/10012770850

The PRC's long-run growth through the lens of the export-led growth model

Felipe, Jesus; Lanzafame, Matteo - In: Journal of comparative economics : the journal of the … 48 (2020) 1, pp. 163-181

Persistent link: https://www.econbiz.de/10012430433

Investigating the presence of regional economic growth convergence in the Philippines using Kalman filter

Mapa, Dennis S.; Sandoval, Monica Flerida B.; Yap, … - In: Philippine journal of development 37 (2010) 2, pp. 1-20

Persistent link: https://www.econbiz.de/10011399140

A Nonlinear Look at Trend Mfp Growth and the Business Cycle : Result from a Hybrid Kalman/Markov Switching Model

French, Mark W. - 2005

. Estimation results are promising. The hybrid model and associated filter appear to be faster than the basic Kalman filter in …

Persistent link: https://www.econbiz.de/10014066234

Goodwin cycles and the BoPC growth paradigm : a macrodynamic model of growth and fluctuations

Dávila-Fernández, Marwil J.; Libânio, Gilberto de Assis - In: Economia : revista da ANPEC 17 (2016) 3, pp. 324-339

The paper builds a non-linear macrodynamic model to study the relation between the functional distribution of income, technological progress and economic growth. In the short-term, the interaction between the productivity regime, the demand regime and the distributive conflict generates cyclical...

Persistent link: https://www.econbiz.de/10011865759

NAIRU estimates for Germany : new evidence on the inflation-unemployment trade-off

Kajuth, Florian - 2010

-space estimation ; identification through heteroskedasticity ; trend inflation …

Persistent link: https://www.econbiz.de/10008657146

RGAP: output gap estimation in R

Streicher, Sina - 2022

Commission proposes a production function methodology that involves the estimation of two classes of Gaussian state space models … unobserved component models and offers frequentist as well as Bayesian estimation techniques. Additional functionalities include … preparation, model specification, and estimation processes using RGAP. …

Persistent link: https://www.econbiz.de/10013256541

Zooming the ins and outs of the U.S. unemployment with a wavelet lens

Portugal, Pedro; Rua, António - 2018

To better understand unemployment dynamics it is key to assess the role played by job creation and job destruction. Although the U.S. case has been studied extensively, the importance of job finding and employment exit rates to unemployment variability remains unsettled. The aim of this paper is...

Persistent link: https://www.econbiz.de/10011869049

Improving output gap estimation : a bottom-up approach

Rathke, Alexander; Streicher, Sina - 2023

We propose a multivariate Bayesian state space model to identify potential growth and the output gap consistent with the dynamics of the underlying production sectors of the economy and those of inflation and the labor market. Our approach allows us to decompose economic fluctuations and...

Persistent link: https://www.econbiz.de/10014427292

The Republic of Korea's economic growth and catch-up : implications for the People's Republic of China

Lee, Jong-Wha - 2016

This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea's lower per capita income, relative to its potential level,...

Persistent link: https://www.econbiz.de/10011471510