|
| |
| Tristan-Pierre Maury and Fabien Tripier |
| |
| ''Output persistence in human capital-based growth models'' |
| ( 2003, Vol. 5 No.11 ) |
| |
| |
| 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. |
| |
| |
| Keywords: endogenous growth |
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
O4 - Economic Growth and Aggregate Productivity: General |
| |
| Manuscript Received : Feb 21 2003 | | Manuscript Accepted : May 22 2003 |
|
