A comment on 'Testing Goodwin: growth cycles in ten OECD countries'
Econometrics
2018-03-06 v1 Economics
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).
Keywords
Cite
@article{arxiv.1803.01527,
title = {A comment on 'Testing Goodwin: growth cycles in ten OECD countries'},
author = {Matheus R. Grasselli and Aditya Maheshwari},
journal= {arXiv preprint arXiv:1803.01527},
year = {2018}
}
Comments
8 pages, Cambridge Journal of Economics 2017