Production Constraints and the NAIRU

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17964

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DC Field	Value	Language
dc.creator	Driver, Ciaran F.	-
dc.creator	Hall, Stephen G.	-
dc.date	2007	-
dc.date.accessioned	2013-10-16T06:57:39Z	-
dc.date.available	2013-10-16T06:57:39Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/17964	-
dc.identifier	ppn:558408834	-
dc.identifier	RePEc:zbw:ifwedp:6168	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/17964	-
dc.description	This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over eighty quarters it is shown that capital constraints became relatively more important during the 1980s as industry failed to match the increase in labour flexibility with rising capital investment.	-
dc.language	eng	-
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel	-
dc.relation	Economics Discussion Papers / Institut für Weltwirtschaft 2007-41	-
dc.rights	http://creativecommons.org/licenses/by-nc/2.0/de/deed.en	-
dc.subject	C23	-
dc.subject	E24	-
dc.subject	E22	-
dc.subject	D24	-
dc.subject	ddc:330	-
dc.subject	capital labour constraints nairu panel	-
dc.subject	data structural	-
dc.subject	breaks	-
dc.title	Production Constraints and the NAIRU	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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