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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w16681 |
来源ID | Working Paper 16681 |
Stochastic Growth in the United States and Euro Area | |
Peter N. Ireland | |
发表日期 | 2011-01-13 |
出版年 | 2011 |
语种 | 英语 |
摘要 | This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which both neutral and investment-specific technology shocks are nonstationary but cointegrated across economies. The results point to large and persistent swings in productivity, both favorable and adverse, originating in the US but not transmitted to the EA. More specifically, the results suggest that while the EA missed out on the period of rapid investment-specific technological change enjoyed in the US during the 1990s, it also escaped the stagnation in neutral technological progress that plagued the US in the 1970s. |
主题 | Macroeconomics ; Business Cycles ; International Economics ; International Macroeconomics ; Development and Growth ; Growth and Productivity |
URL | https://www.nber.org/papers/w16681 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574356 |
推荐引用方式 GB/T 7714 | Peter N. Ireland. Stochastic Growth in the United States and Euro Area. 2011. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w16681.pdf(658KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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