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dc.contributor.authorHall, Stephen G.en_US
dc.contributor.authorDriver, Ciaran F.en_US
dc.coverage.temporal1978-1998en_US
dc.date.accessioned2009-01-28T15:06:12Z-
dc.date.available2009-01-28T15:06:12Z-
dc.date.issued2008en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 2 2008-11 1-15 doi:10.5018/economics-ejournal.ja.2008-11-
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-11-
dc.identifier.urihttp://hdl.handle.net/10419/18024-
dc.description.abstractThis paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over 80 quarters we show that capital constraints became relatively more important during the 1980s as industry failed to match the increase in labour flexibility with rising capital investment.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.subject.jelC23en_US
dc.subject.jelD24en_US
dc.subject.jelE22en_US
dc.subject.jelE24en_US
dc.subject.ddc330en_US
dc.subject.keywordCapitalen_US
dc.subject.keywordlabouren_US
dc.subject.keywordconstraintsen_US
dc.subject.keywordNAIRUen_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordstructural breaksen_US
dc.subject.stwNatürliche Arbeitslosigkeiten_US
dc.subject.stwKapitalproduktivitäten_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwPanelen_US
dc.subject.stwStrukturbruchen_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwGroßbritannienen_US
dc.titleProduction Constraints and the NAIRUen_US
dc.typeArticleen_US
dc.identifier.ppn561927375en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifweej:7260-
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