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Comment on "Unwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment"

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  • Papageorgiou, Chris

Abstract

This paper estimates the factor elasticity of substitution of the aggregate production function and then uses these estimates to resolve two puzzles relating to the Euro Area. The paper is novel in three ways: First it uses the CES production technology in the empirical strategy to understand real world economic phenomena; second it uses a frontier empirical methodology; and third it uses a new dataset.

Suggested Citation

  • Papageorgiou, Chris, 2008. "Comment on "Unwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment"," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 667-670, June.
    • Handle: RePEc:eee:jmacro:v:30:y:2008:i:2:p:667-670
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    Cited by:

    1. Heer, Burkhard & Schubert, Stefan Franz, 2012. "Unemployment and debt dynamics in a highly indebted small open economy," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1392-1413.
    2. Schubert, Stefan F., 2011. "The effects of total factor productivity and export shocks on a small open economy with unemployment," Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1514-1530, September.

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