| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4973 |
| DP4973 The Clash of Liberalizations: Preferential vs. Multilateral Trade Liberalization in the European Union | |
| Nuno Limão; Baybars Karacaovali | |
| 发表日期 | 2005-03-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The present paper revisits a property embedded in most dynamic macroeconomic models: the stationarity of hours worked. First, I argue that, contrary to what is often believed, there are many reasons why hours could be non-stationary in those models, while preserving the property of balanced growth. Second, I show that the post-war evidence for most industrialized economies is clearly at odds with the assumption of stationary hours per capita. Third, I examine the implications of that evidence for the role of technology as a source of economic fluctuations in the G7 countries. |
| 主题 | International Macroeconomics |
| 关键词 | Real business cycles Technology shocks Non-stationary hours |
| URL | https://cepr.org/publications/dp4973 |
| 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/533871 |
| 推荐引用方式 GB/T 7714 | Nuno Limão,Baybars Karacaovali. DP4973 The Clash of Liberalizations: Preferential vs. Multilateral Trade Liberalization in the European Union. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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