Hayashi, Fumio; Prescott, Edward C. - 2000 - [Elektronische Ressource]
-leisure first-order condition (11) and (12) below to see this point more
clearly). Since 1984 there has been no major tax reform … , the
11
workweek factor h , the employment rate factor e , and the capital intensity factor
)1/( θθ −
x . Our
growth …, namely the growth rate when hours worked h , the
employment rate e , and the capital output ratio x (= K/Y) are constant …