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Hviler Dansk Økonomi på en Cobb-Douglas teknologi?

Listed author(s):
  • Harck, Søren


    (Department of Economics, Aarhus School of Business)

Registered author(s):

    Prisdannelsen og faktorefterspørgslen i Det økonomiske Råds sekretariats SMEC-model af dansk økonomi har siden 1998 været teoretisk begrundet i en underliggende Cobb-Douglas teknologi (i kombination med en antagelse om omkostningsminimering). I SMEC-forgængeren SMEC 94 var det derimod markup-pricing, der blev påberåbt som det teoretiske rationale. Denne artikel giver for det første en stiliseret fremstilling af, hvordan DØRS forestiller sig Cobb-Douglas set-up’et bestemme BFI- deflatoren og prisen på indenlandsk produktion. Mere væsentligt demonstrerer artiklen for det andet, at det anførte teoretiske rationale er hult: at prisrelationerne og faktorefterspørgslen i bund og grund er tautologier, og at prisdannelsen i SMEC 99 trods det ydre skin er uden egentlig teoretisk forankring

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    Paper provided by University of Aarhus, Aarhus School of Business, Department of Economics in its series Working Papers with number 05-12.

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    Length: 45 pages
    Date of creation: 07 Dec 2005
    Handle: RePEc:hhs:aareco:2005_012
    Contact details of provider: Postal:
    The Aarhus School of Business, Prismet, Silkeborgvej 2, DK 8000 Aarhus C, Denmark

    Phone: +45 89 486396
    Fax: +45 8615 5175
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