References of "Journal of Macroeconomics"
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See detailEstimating Employment Dynamics Across Occupations and Sectors of Industry
Dupuy, Arnaud UL; Coervers, Frank

in Journal of Macroeconomics (2010)

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See detailNeoclassical growth and the "trivial" steady state
Hakenes, Hendrik; Irmen, Andreas UL

in Journal of Macroeconomics (2008), 30(3), 1097-1103

According to a common perception, the neoclassical economy void of capital cannot evolve to strictly positive levels of output, if capital is essential. We challenge this view and claim for a broad class ... [more ▼]

According to a common perception, the neoclassical economy void of capital cannot evolve to strictly positive levels of output, if capital is essential. We challenge this view and claim for a broad class of production functions, encompassing the neoclassical production function, that a take-off is possible even though the initial capital stock is zero and capital is essential. Since the marginal product of capital is initially infinite, the \"trivial\" steady state becomes so unstable that the solution to the equation of motion involves the possibility of a take-off. When it happens, the take-off has no cause. [less ▲]

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See detailComment on "On the openness to trade as a determinant of the macroeconomic elasticity of substitution"
Irmen, Andreas UL

in Journal of Macroeconomics (2008), 30(2), 703-706

This paper provides a comment on the analysis of the link between an economy's openness to trade and its macroeconomic elasticity of substitution (ES) presented in Saam [Saam, M., 2008. Openness to trade ... [more ▼]

This paper provides a comment on the analysis of the link between an economy's openness to trade and its macroeconomic elasticity of substitution (ES) presented in Saam [Saam, M., 2008. Openness to trade as a determinant of the macroeconomic elasticity of substitution. Journal of Macroeconomics 30, 691-702.]. [less ▲]

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See detailThe CES production function in the theory and empirics of economic growth - Introduction
Klump, Rainer UL; Papageorgiou, Chris

in JOURNAL OF MACROECONOMICS (2008), 30(2), 599-600

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See detailUnwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment
Klump, Rainer UL; McAdam, Peter; Willman, Alpo

in JOURNAL OF MACROECONOMICS (2008), 30(2), 645-666

In this paper, we estimate a long run supply-side system incorporating a CES production function with time-varying factor-augmenting technical progress for the euro area over the period 1970-2005. We find ... [more ▼]

In this paper, we estimate a long run supply-side system incorporating a CES production function with time-varying factor-augmenting technical progress for the euro area over the period 1970-2005. We find that the elasticity of substitution lies below unity at 0.7, that labor-augmenting technical progress is dominant in the long run while capital-augmenting technical progress plays an important role in the interim period. Importantly, we also find evidence of a structural break in the pattern of biased technical progress towards the end of the 1990s. Our results help to solve two puzzles in Europe's recent growth experience which differ markedly from the US experience. The first is related to the effects of the IT boom in the 1990s on productivity growth in Europe. The second puzzle concerns the changes in the "Okun's law" relationship, linking growth to the reduction of unemployment, which are observable in Europe since the late 1990s. (C) 2007 Published by Elsevier Inc. [less ▲]

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See detailShifts and Twists in the Relative Productivity of Skilled Workers
Dupuy, Arnaud UL; Marey, Philip

in Journal of Macroeconomics (2008)

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