G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6838
DP6838 Testing a DSGE Model of the EU Using Indirect Inference
Patrick Minford; Michael R. Wickens; David Meenagh
发表日期2008-06-23
出版年2008
语种英语
摘要This paper surveys the extensive literature on European economic growth since 1950. It presents an overview of comparative growth performance together with benchmarked growth accounting estimates. The growth experience is considered in terms of three periods, the Golden Age of 1950-73, the Growth Slowdown of 1973-1995, and the New Economy period since the mid-1990s, both across countries and across regions. The key conclusion is that study of the historical record underlines the importance of incentive structures for growth outcomes while sustaining growth performance over the long run requires the (often difficult) adaptation of institutions and policies as catch up becomes more complete and new technological epochs arrive.
主题International Macroeconomics
关键词Catch-up growth Golden age Ict Slowdown Total factor productivity
URLhttps://cepr.org/publications/dp6838
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/535710
推荐引用方式
GB/T 7714
Patrick Minford,Michael R. Wickens,David Meenagh. DP6838 Testing a DSGE Model of the EU Using Indirect Inference. 2008.
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