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Learning-by-doing and aggregate fluctuations

Authors :
Cooper, Russell
Johri, Alok
Source :
Journal of Monetary Economics. Nov, 2002, Vol. 49 Issue 8, p1539, 27 p.
Publication Year :
2002

Abstract

The contribution of learning-by-doing (LBD) mechanism in stimulating the endogenous propagation of shocks in business cycle was studied. The results showed that the LBD had the potential of creating endogenous propagation and autocorrelation function was noticed for real output growth with positive coefficients for several periods.

Details

Language :
English
ISSN :
03043932
Volume :
49
Issue :
8
Database :
Gale General OneFile
Journal :
Journal of Monetary Economics
Publication Type :
Academic Journal
Accession number :
edsgcl.122800129