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Growth, volatility and learning Author info | Abstract | Publisher info | Download info | Related research | Statistics K Blackburn
R Galindev
This paper presents a simple stochastic growth model in which productivity improvements are the result of both internal (deliberate) and external (serendipitous) learning behaviour. The model is used to illustrate how these different mechanisms of endogenous technological change can lead to different implications for the correlation between output growth and output variability.
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Paper provided by Economics, The Univeristy of Manchester in its series Centre for Growth and Business Cycle Research Discussion Paper Series with number
25.
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Length: 7 pages
Date of creation: 2003Date of revision:
Handle: RePEc:man:cgbcrp:25Contact details of provider: Postal: Manchester M13 9PL Phone: (0)161 275 4868 Fax: (0)161 275 4812 Web page: http://www.socialsciences.manchester.ac.uk/cgbcr/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Marianne Sensier).
Keywords: business cycles ; growth ; volatility ; learning ; Other versions of this item:
References listed on IDEAS 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.: Martin, Philippe & Ann Rogers, Carol, 2000.
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Larry E. Jones & Rodolfo E. Manuelli & Ennio Stacchetti, 1999.
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Full
references 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.)
K C Neanidis & D Varvarigos, 2005.
"The Impact of Foreign Aid on Economic Growth: Volatility of Disbursements and Distribution of Receipts ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
56, Economics, The Univeristy of Manchester.
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K Blackburn & D Varvarigos, 2005.
"Growth, Uncertainty and Finance ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
48, Economics, The Univeristy of Manchester.
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Dimitrios Varvarigos, 2006.
"On stabilisation policy: Are there conflicting implications for growth and welfare? ,"
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2006_19, Department of Economics, Loughborough University, revised Jul 2006.
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Galindev Ragchaasuren, 2005.
"On the Effect of Monetary Stabilisation Policy on Long-run Growth (Revised September 2005) ,"
Economics Discussion Papers
587, University of Essex, Department of Economics.
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Kyriakos C. Neanidis & Dimitrios Varvarigos, 2007.
"The Allocation of volatile aid and economic growth: Evidence and a suggestive theory ,"
Discussion Paper Series
2007_07, Department of Economics, Loughborough University, revised Mar 2007.
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Dimitrios Varvarigos & Keith Blackburn, 2005.
"Growth, Uncertainty and Finance ,"
Money Macro and Finance (MMF) Research Group Conference 2005
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Barbara Annicchiarico & Luisa Corrado & Alessandra Pelloni, 2008.
" Long-Term Growth and Short-Term Volatility: The Labour Market Nexus ,"
CDMA Working Paper Series
0806, Centre for Dynamic Macroeconomic Analysis.
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Other versions: Charles Ka-Yui Leung & Sam Hak Kan Tang & Nicolaas Groenewold, 2005.
"Growth volatility and technical progress: a simple rent-seeking model ,"
Discussion Papers
00016, Chinese University of Hong Kong, Department of Economics.
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Other versions:
Charles Ka-Yui Leung & Sam Hak Kan Tang & Nicolaas Groenewold, 2005.
"Growth volatility and technical progress: a simple rent-seeking model ,"
Departmental Working Papers
_174, Chinese University of Hong Kong, Department of Economics.
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"Growth Volatility and Technical Progress: A Simple Rent-seeking Model ,"
Journal of Economics ,
Springer, vol. 88(2), pages 159-178, 08.
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"Human capital accumulation and output growth in a stochastic environment ,"
Economic Theory ,
Springer, vol. 36(3), pages 435-452, September.
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Elena Andreou & Marianne Sensier & Alessandra Pelloni, 2008.
"Is Volatility Good for Growth? ,"
Working Paper Series
37-08, Rimini Centre for Economic Analysis, revised Jan 2008.
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Elena Andreou & Alessandra Pelloni & Marianne Sensier, 2008.
"Is Volatility Good for Growth? Evidence from the G7 ,"
The School of Economics Discussion Paper Series
0804, Economics, The University of Manchester.
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Other versions:
Andreou Elena & Pelloni Alessandra & Sensier Marianne, 2008.
"Is volatility good for growth? Evidence from the G7 ,"
wp.comunite
0041, Department of Communication, University of Teramo.
[Downloadable!] Elena Andreou & Alessandra Pelloni & Marianne Sensier, 2008.
"Is Volatility Good for Growth? Evidence from the G7 ,"
CEIS Research Paper
114, Tor Vergata University, CEIS, revised 14 Jul 2008.
[Downloadable!] Elena Andreou & Alessandra Pelloni & Marianne Sensier, 2008.
"Is Volatility Good for Growth? Evidence from the G7 ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
97, Economics, The Univeristy of Manchester.
[Downloadable!] Stilianos Fountas & Menelaos Karanasos, 2008.
"Are economic growth and the variability of the business cycle related ? Evidence from five European countries ,"
Discussion Paper Series
2008_17, Department of Economics, University of Macedonia, revised Dec 2008.
[Downloadable!]
Other versions: K Blackburn & D Varvarigos, 2006.
"Human Capital Accumulation in a Stochastic Environment: Some New Results on the Relationship Between Growth and Volatility ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
74, Economics, The Univeristy of Manchester.
[Downloadable!]
Daniel Burren, 2008.
"The Role of Sectoral Shifts in the Great Moderation ,"
Diskussionsschriften
dp0801, Universitaet Bern, Departement Volkswirtschaft.
[Downloadable!]
Galindev, Ragchaasuren, 2007.
"Uncertainty, learning and growth ,"
MPRA Paper
7398, University Library of Munich, Germany, revised Jan 2008.
[Downloadable!]
Other versions: D Varvarigos, 2004.
"Non-neutrality and Uncertainty in a Model of Growth ,"
Centre for Growth and Business Cycle Research Discussion Paper Series
41, Economics, The Univeristy of Manchester.
[Downloadable!]
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