Output persistence in human capital-based growth models

This note explores the persistence properties of a class of models proposed by Jones, Manuelli and Siu (2000) where growth stems from purposeful human capital accumulation. In doing so, we adopt Cogley and Nason's (1995) definition of output persistence. The propagation mechanism exhibited by this class of models appears unable to solve the output persistence puzzle.

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Year of publication:	2003-05-22
Authors:	Maury, Tristan-Pierre ; Tripier, Fabien
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 5.2003, 11, p. 1-8
Publisher:	AccessEcon
Subject:	endogenous growth

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Extent:	application/pdf
Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010835894