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Title:What drives endogenous growth in the United States? PDF Logo
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:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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