PL EN


2005 | 3 | 321-343
Article title

Models of Endogenous Growth and Short Term Cyclical Phenomena

Authors
Title variants
Languages of publication
PL
Abstracts
EN
There are many attempts to construct dynamic, with stochastic characteristics, growth models that are to replicate short and long term fluctuations in macroeconomic variables. These models entail endogenous growth factors (R&D expenditure and the accumulation of human capital) and finite difference stochastic equations that correspond to the basic model of real business cycle and its extensions. Some of these extensions affect model dynamics in the long period. Empirical data are decomposed into short term stochastic business cycle component and the long term trend. Real business cycle models can successfully be used as a platform that incorporates the endogenous growth mechanism into the unified model of growth and business cycle.
Year
Issue
3
Pages
321-343
Physical description
Document type
ARTICLE
Contributors
author
  • J. Growiec, Szkola Gl√≥wna Handlowa w Warszawie, Instytut Ekonometrii, sl. Niepodleglosci 162, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06PLAAAA00671680
YADDA identifier
bwmeta1.element.10ee9323-5988-381d-a378-a8e3ea975325
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