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Another Look at the Inflation-Productivity Trade-Off

Author

Listed:
  • Bitros, G.C.
  • Panas, E.J.

Abstract

Our aim in this paper is to test the robustness of the relation between total factor productivity growth and inflation to the specifications of the model adopted for its identification. In doing so we estimate a generalized Box-Box cost function using data from the two-digit Standard Industrial Classification of manufacturing industries in Greece during the period 1964-1980.

Suggested Citation

  • Bitros, G.C. & Panas, E.J., 1999. "Another Look at the Inflation-Productivity Trade-Off," DEOS Working Papers 0099-11, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:0099-11
    as

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    More about this item

    Keywords

    ECONOMIC GROWTH ; INFLATION ; PRODUCTIVITY;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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