5115 Ergebnisse
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In: Oldenbourgs Lehr- und Handbücher der Wirtschafts- u. Sozialwissenschaften
In: Oldenbourgs Lehr- und Handbücher der Wirtschafts- und Sozialwissenschaften
In: OECD journal: economic studies, Heft 24, S. 167-209
ISSN: 1995-2848, 0255-0822
World Affairs Online
In: Sonderheft 2004,3
In: OECD working papers Vol.3, No. 44
In: Economics of planning: an international journal devoted to the study of comparative economics, planning and development, Band 21, Heft 1
ISSN: 1573-0808
In: Urban Management Programme 15
In: Urban management and the environment
In: Rapid urban environmental assessment 2
In: Journal of Monetary Economics, Band 22, Heft 2, S. 217-235
In: KIPPRA discussion paper no. 28
SSRN
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 47, Heft 2, S. 95-113
ISSN: 1467-9485
This paper sheds new light on the interaction between growth and output fluctuations. Our approach is different from the literature in that we analyse how endogenous fluctuations are affected by a faster productivity growth in the long run. Main results: (i) expansion (or contraction) occurs more (or less) frequently, (ii) expansion becomes milder but contraction severer, (iii) the amplitude of fluctuations becomes larger, (iv) the variance of output changes ambiguously, indicating a non‐monotonic relationship. We also investigate how an R&D subsidy alters the nature of output fluctuations and re‐examine its effect on technological change in the presence of recurrent cycles. The result questions the widely‐accepted theoretical implication that a research subsidy unambiguously promotes technological progress.