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Oxford Economic Papers Advance Access originally published online on July 3, 2008
Oxford Economic Papers 2009 61(1):201-206; doi:10.1093/oep/gpn024
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© Oxford University Press 2008 All rights reserved

Note on ‘Growth, cycles, and stabilization policy’

Ragchaasuren Galindev

School of Management and Economics, Queens University Belfast, 25 University Square, Belfast BT7 1NN; e-mail: g.ragchaasuren{at}qub.ac.uk

JEL classifications: E32, E52, O42


  Abstract

This note presents an analysis which generalizes the results reached by Blackburn and Pelloni (2005) on the relationship between short-term stabilization policy and long-term growth by considering both deliberate (internal) and serendipitous (external) learning mechanisms for productivity growth.


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