Malley, Jim; Woitek, Ulrich - Department of Economics, Adam Smith Business School - 2009
findings, we also assess whether the human capital model or the standard real business cycle (RBC) model better explains the … capital model or the standard real business
cycle (RBC) model better explains the observed variation in these
aggregates. We … hours.
Keywords: endogenous growth, human capital, real business cycles,
Bayesian estimation, VAR errors
JEL codes: C11, C52 …