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Output persistence in human capital-based growth models

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Author Info
Tristan-Pierre Maury () (MODEM, University of Paris X - Nanterre)
Fabien Tripier () (MODEM, University of Paris X - Nanterre)

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Abstract

This note explores the persistence properties of a class of models proposed by Jones, Manuelli and Siu (2000) where growth stems from purposeful human capital accumulation. In doing so, we adopt Cogley and Nason's (1995) definition of output persistence. The propagation mechanism exhibited by this class of models appears unable to solve the output persistence puzzle.

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File URL: http://www.economicsbulletin.com/2003/volume5/EB-02E30010A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 5 (2003)
Issue (Month): 11 ()
Pages: 1-8
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Handle: RePEc:ebl:ecbull:v:5:y:2003:i:11:p:1-8

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Related research
Keywords: endogenous growth; human capital; output persistence; spectral analysis;

Find related papers by JEL classification:
E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

Cited by:
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  1. Belbute, José & Caleiro, António, 2009. "Measuring the Persistence on Consumption in Portugal," MPRA Paper 15116, University Library of Munich, Germany. [Downloadable!]
  2. Ilaski Barañano & Paz Moral, 2007. "Consumption-Leisure Trade-offs and Persistency in Business Cycles," BILTOKI 200705, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística). [Downloadable!]
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This page was last updated on 2009-12-12.

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