Malley, James R.; Woitek, Ulrich - 2009
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 …, E32
⁄We would like to thank seminar participants at the Institute for Empirical Research
in Economics, University of …