Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/234137 
Autor:innen: 
Erscheinungsjahr: 
2021
Quellenangabe: 
[Journal:] Macroeconomics and Finance in Emerging Market Economies [ISSN:] 1752-0851 [Issue:] forthcoming [Publisher:] Taylor & Francis [Place:] London [Year:] 2021
Verlag: 
Taylor and Francis, London
Zusammenfassung: 
We introduce human capital accumulation into a real-business-cycle setup. We calibrate the model to Bulgarian data for the period following the introduction of the currency board arrangement (1999-2018). We investigate the quantitative importance of the presence of skill acquisition for cyclical fluctuations in Bulgaria. After subjecting the model to a battery of tests, we find the quantitative effect of such a channel - aside from producing a moderate increase in the variability of hours - to be relatively small. In other words, government spending on education turns out to be an ineffective instrument when it comes to smoothing the cycle.
Schlagwörter: 
business cycles
human capital
Bulgaria
JEL: 
E32
E24
H22
I21
Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
307.77 kB





Publikationen in EconStor sind urheberrechtlich geschützt.