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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18322Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Erber, Georg | - |
| dc.creator | Fritsche, Ulrich | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T06:59:29Z | - |
| dc.date.available | 2013-10-16T06:59:29Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18322 | - |
| dc.identifier | ppn:481682031 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18322 | - |
| dc.description | This paper addresses the issue of estimating and forecasting productivity growth trends in the US and Germany from the perspective of a business cycle researcher who wants to use the available information in time series of aggregate labor productivity to derive a model for short- and/or long-term forecasts of labour productivity. We will use stability tests and a deterministic model with structural breaks that is estimated using the methods mentioned in Hansen (2001). The methodological approach also draws on Gordon (2003) using a Kalman filter specification. We discuss the implications of unit-root assumptions for long-term forecasts and argue in favor of a near unit-root modelling. That implies a convergence of productivity growth rates in both countries within the next 15 years. | - |
| dc.language | eng | - |
| dc.publisher | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | - |
| dc.relation | DIW-Diskussionspapiere 471 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E24 | - |
| dc.subject | C22 | - |
| dc.subject | E23 | - |
| dc.subject | C32 | - |
| dc.subject | E37 | - |
| dc.subject | E30 | - |
| dc.subject | ddc:330 | - |
| dc.title | Estimating and Forecasting Aggregate Productivity Growth Trends in the US and Germany | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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