Medium run redux

DOI10.1017/S1365100511000459MaRDI QIDQ2843410zbMATH OpenFDO

Authors Peter McAdam, Alpo Willman

Publication date 22 August 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100511000459

zbMATH Keywords

directed technical changeelasticity of substitutioneuro areaincome distributionmedium runOkun's lawproductivity

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Recommendations

• Labor market trends with balanced growth
• Structural change and generalized balanced growth.
• Drift and breaks in labor productivity
• Appropriate technology and balanced growth
• Beyond balanced growth.

Cites work

• Directed Technical Change
• Economic growth. A unified approach.
• Introduction to modern economic growth.
• Production functions and distributions of unit factor productivities: uncovering the link

Cited in

(4)

• Endogenous labor share cycles: theory and evidence
• CES technology and business cycle fluctuations
• On sunspot fluctuations in variable capacity utilization models
• Getting normalization right: dealing with `dimensional constants' in macroeconomics

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