| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1267 |
| DP1267 Transport Costs, Intermediate Goods and Localized Growth | |
| Uwe Walz | |
| 发表日期 | 1995-11-30 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | When learning-by-doing is at the origin of growth, we show that growth rates should be negatively related to the amplitude of the business cycle if the growth rate in human capital is increasing and concave in the cyclical component of production. Empirical evidence strongly supports this finding for industrialized countries and European regions. Using the standard control variables, we find that countries and regions that have higher standard deviations of growth and of unemployment have lower growth rates. The result does not come from an effect of instability on investment. The negative relation does not hold for non-industrialized countries, however, for which learning-by-doing may not to be the main engine of growth. |
| 主题 | International Macroeconomics |
| 关键词 | Economic fluctuations Growth Learning-by-doing Short-term instability |
| URL | https://cepr.org/publications/dp1267 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530409 |
| 推荐引用方式 GB/T 7714 | Uwe Walz. DP1267 Transport Costs, Intermediate Goods and Localized Growth. 1995. |
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