Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations: A Tentative Survey

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Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations: A Tentative Survey

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Philippe Aghion
Gilles Saint-Paul

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Gilles Saint-Paul

Abstract

This paper reviews the recent literature on the interactions between business cycles and growth. It focuses on the causality from cycles to growth, but also deals to some extent with the reverse causality. It discusses both "Keynesian" and "Schumpeterian" theories of cycles and growth. Copyright Fondazione Giacomo Brodolini and Blackwell Publishers Ltd. 1998.

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Publisher Info
Article provided by CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd in its journal Labour.

Volume (Year): 12 (1998)
Issue (Month): 2 (07)
Pages: 279-303
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Handle: RePEc:bla:labour:v:12:y:1998:i:2:p:279-303

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Paper
- Philippe Aghion & Gilles Saint-Paul, 1993. "Uncovering Some Causal Relationships between Productivity Growth and theStructure of Economic Fluctuations: A Tentative Survey," NBER Working Papers 4603, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

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- Caballero, R.J. & Hammour, M.L., 1991. "The Cleansing Effect of Recessions," Discussion Papers 1991_59, Columbia University, Department of Economics.
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