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Institut für Weltwirtschaft (IfW), Kiel >
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http://hdl.handle.net/10419/37099
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| Title: | | What drives endogenous growth in the United States?  |
| Authors: | | Wesselbaum, Dennis |
| Issue Date: | | 2010 |
| Series/Report no.: | | Kiel working paper 1634 |
| Abstract: | | This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the endogenous component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning-by-doing effects dominate. We find no evidence for cleansing effects of recessions. Furthermore, the exogenous component of productivity growth is close to the two percent pace. |
| Subjects: | | Business Cycles Cleansing Effects of Recessions Endogenous Growth Learning-by-Doing |
| JEL: | | C11 E32 O40 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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