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Unwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment
Journal article   Peer reviewed

Unwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment

R Klump, P McAdam and A Willman
JOURNAL OF MACROECONOMICS, Vol.30(2), pp.645-666
01/06/2008

Abstract

Social Sciences Economics Business & Economics ECONOMICS CES production function elasticity of substitution factor-augmenting technical progress IT revolution Okun's law US euro area CAPITAL-LABOR SUBSTITUTION TECHNICAL CHANGE ECONOMIC-GROWTH UNITED-STATES EFFICIENCY SYSTEM MODEL
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