논문KCI 등재
ACCOUNTING FOR CANADA’S ECONOMIC GROWTH
경제연구소 (Hanyang Economic Research Institute)|2003.12|Journal of Economic Development|제28권 제2호|pp. 83-102
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Abstract
A dynamic stochastic general equilibrium model is constructed and calibrated to the Canadian economy. Technology disturbances from the Canadian economy are filtered through the model and used to generate artificial time series. Output growth in the model is then decomposed into the share weighted growth rates of the factor inputs and productivity. The model is then used to identify the endogenous responses of the factor inputs to the technology disturbances. The results suggest that much of the slowdown observed in Canadian output growth since 1974 can be explained by fluctuations in the rates of investment-specific and residual-neutral technological change.
참고문헌 (9)
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- Dunaway, "Canada: Selected Issues", (34), pp.3~14 (2000)
- Greenwood, "The Role of Investment-Specific", 44(1), pp.91~115 (2000)
- "Long-Run Implications of Investment Specific Technological Change", 87(3), pp.342~62 (1997)
- Hansen, "The Labor Market in Real Business Cycle Theory Federal Reserve Bank of Minneapolis Quarterly Review", pp.2~12 (1992)
- ACCOUNTING FOR CANADAS ECONOMIC GROWTH 101 Kydland, "Business Cycles and Aggregate Labor Market Fluctuation", pp.126~156 (1995), New Jersey:Princeton University Press
- Lipsey, "What Requires Explanation" (1998)
관련 논문AI추천
Technological Change and Contribution to Growth and ConvergenceEdward Nissan, Farhang Niroomand경제연구소 · Journal of Economic Development2006 · 제31권 제1호인적자본과 경제성장이은우한국경제통상학회 · 경제연구2001 · 제10권 제1호OPTIMAL R&D COMPETITION AND ECONOMIC GROWTH이광훈한국경제학회 · The Korean Economic Review2006 · 제22권 제2호FOREIGN DIRECT INVESTMENT IN CANADADorothee J. Feils, Manzur Rahman사람과세계경영학회 · Global Business and Finance Review1998 · 제3권 제2호Productive Money, Savings, and Economic GrowthJang H. Yoo경제연구소 · Journal of Economic Development1976 · 제1권 Development of Information Technology Industry and Sources of Economic Growth and Productivity in Korea김선재경제연구소 · Journal of Economic Research (JER)2002 · 제7권 제2호
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