Diffusion of Technical Change and the Decomposition of Output into Trend and Cycle
- 1 January 1994
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 61 (1) , 19-30
- https://doi.org/10.2307/2297874
Abstract
In this paper we argue that modelling the trend component in real GNP as a random walk is inconsistent with its interpretation as productivity growthKeywords
All Related Versions
This publication has 0 references indexed in Scilit: