Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Fundación SEPI
2001
|
| Subjects: | |
| Online Access: | https://www.redalyc.org/articulo.oa?id=17325303 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Table of Contents:
- Endogenous growth and economic fluctuations Ilaski Barañano Economía y Finanzas endogenous growth Real business cycles aggregate uctuations propagation mechanism The specific contribution of endogenous growth models to RBC literature remainsunclear since, although the implication of assuming endogenous growthfor explaining aggregate uctuations has already been considered for instanceby Gomme (1993) and Ozlu (1996), these papers introduce additional shocksin order to reproduce some labor market uctuations. In this paper weattempt to identify the success of some endogenous growth models in mimickingsome key aspects of labor market behaviour while retaining a single shock.This paper shows that the introduction of an activity competing with the naloutput production activity may help to explain some labor market features,there being no need to introduce any additional source of uncertainty as isusually done in standard growth models. 2001 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17325303 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.3 Vol.XXV