Scott Freeman (Department of Economics, University of Texas) Dong-Pyo Hong (Korea Information Society Development Institute) Dan Peled (Technion - Israel Institute of Technology)
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When large, discrete technological improvements require the accumulation of research or infrastructural investment over time, growth paths display cyclical patterns even in the absence of any shocks. Particularly interesting equilibrium features of these cycles include declines in output and asymmetries in the cyclic patterns displayed during expansions and recessions. (Copyright: Elsevier)
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.
Volume (Year): 2 (1999) Issue (Month): 2 (April) Pages: 402-432 Download reference. The following formats are available: HTML,
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Find related papers by JEL classification: E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Patrick Francois & Huw Lloyd-Ellis, 2005.
"I - Q Cycles,"
Working Papers
1040, Queen's University, Department of Economics.
[Downloadable!]
Other versions:
Patrick Francois & Huw Lloyd- Ellis, 2005.
"I - Q Cycles,"
Macroeconomics
0511023, EconWPA.
[Downloadable!]
Klaus Wälde, 2005.
"Endogenous Growth Cycles,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(3), pages 867-894, 08.
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