G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2523
DP2523 Industrial Employment, Investment Equipment and Economic Growth
Harris Dellas
发表日期2000-08-29
出版年2000
语种英语
摘要This paper proposes an empirical growth model which is consistent with a stochastic steady-state labour productivity level varying over time and across countries, where the disequilibrium mechanism leading to long-run equilibrium follows a nonlinear equilibrium correction model. Using data for the G7 economies during the postwar period since 1950, the empirical analysis yields a long-run model which implies plausible estimates of the production function parameters. Postwar economic growth in each of the G7 countries appears to be well characterized by a nonlinear equilibrium correction model where the dynamic adjustment towards long-run equilibrium is governed by a logistic function, while also capturing spillover effects in growth dynamics.
主题International Macroeconomics
关键词Economic growth Nonlinear dynamics Equilibrium correction Spillover
URLhttps://cepr.org/publications/dp2523
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/531599
推荐引用方式
GB/T 7714
Harris Dellas. DP2523 Industrial Employment, Investment Equipment and Economic Growth. 2000.
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