Journal ArticleDOI
Production, growth and business cycles: I. The basic neoclassical model
Reads0
Chats0
TLDR
In this paper, the authors present the neoclassical model of capital accumulation augmented by choice of labor supply as the basic framework of modern real business cycle analysis and explore the implications of the basic model for perfect foresight capital accumulation and for economic fluctuations initiated by impulses to technology.About:
This article is published in Journal of Monetary Economics.The article was published on 1988-03-01. It has received 1945 citations till now. The article focuses on the topics: Capital accumulation & Real business-cycle theory.read more
Citations
More filters
Journal ArticleDOI
Indeterminacy and expectation-driven fluctuations with non-separable preferences
Kazuo Nishimura,Alain Venditti +1 more
TL;DR: It is shown that local indeterminacy arises with a low elasticity of intertemporal substitution in consumption provided the wage elasticity in the labor supply and the elasticities of substitution between consumption and leisure are low enough.
Journal ArticleDOI
Multiple equilibria in a discrete time growth model with corruption in public procurement
TL;DR: In this article, the authors study the relationship between corruption in public procurement and economic growth within the Solow framework in discrete time, while assuming that the public good is an input in the productive process and that the State fixes a monitoring level on corruption depending on the tax revenues.
Dissertation
Essays in International Business Cycles
TL;DR: Sakane et al. as mentioned in this paper present an Essays in International Business Cycles by Michiru Sakane Department of Economics at Duke University, focusing on international business cycle cycles.
Journal ArticleDOI
Measuring Business Cycles: A Review
Marinko Škare,Saša Stjepanović +1 more
TL;DR: In this article, a new development in the field lies in spectral analysis methods for measuring business cycles, which may have advantages over existing methodologies (nonlinearity, stationarity issues).
References
More filters
Journal ArticleDOI
Co-integration and Error Correction: Representation, Estimation and Testing
TL;DR: The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples.
Journal ArticleDOI
Distribution of the Estimators for Autoregressive Time Series with a Unit Root
David A. Dickey,Wayne A. Fuller +1 more
TL;DR: In this article, the limit distributions of the estimator of p and of the regression t test are derived under the assumption that p = ± 1, where p is a fixed constant and t is a sequence of independent normal random variables.
Journal ArticleDOI
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
Journal ArticleDOI
Increasing Returns and Long-Run Growth
TL;DR: In this paper, the authors present a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity, which is essentially a competitive equilibrium model with endogenous technological change.
Journal ArticleDOI
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.