Steady-state productivity relationships: Estimation and some implications

Steady-state productivity relationships: Estimation and some implications

This paper investigates the relative importance of short run disequilibrium dynamics and long run equilibrium growth factors in current wage change using a cointegration relationship suggested by steady-state growth theory.

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Veröffentlicht in:Economics letters 1990, Vol.33 (4), p.325-328
1. Verfasser: Byers, J.D.
Format: Artikel
Sprache:eng
Schlagworte:
Econometric models
Productivity
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Beschreibung
Zusammenfassung:This paper investigates the relative importance of short run disequilibrium dynamics and long run equilibrium growth factors in current wage change using a cointegration relationship suggested by steady-state growth theory.
ISSN:0165-1765
1873-7374
DOI:10.1016/0165-1765(90)90081-B