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A comment on 'Testing Goodwin: growth cycles in...
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A comment on 'Testing Goodwin: growth cycles in ten OECD countries'

Abstract

We revisit the results of Harvie (2000) and show how correcting for a reporting mistake in some of the estimated parameter values leads to significantly different conclusions, including realistic parameter values for the Philips curve and estimated equilibrium employment rates exhibiting on average one tenth of the relative error of those obtained in Harvie (2000).

Authors

Grasselli MR; Maheshwari A

Publication date

March 5, 2018

DOI

10.48550/arxiv.1803.01527

Preprint server

arXiv

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