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Uncovering Some Causal Relationships Between Productivity Growth and the Structure of Economic Fluctuations: A Tentative Survey
Author(s) -
Aghion Philippe,
SaintPaul Gilles
Publication year - 1998
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/1467-9914.00069
Subject(s) - causality (physics) , economics , business cycle , productivity , growth theory , keynesian economics , neoclassical economics , macroeconomics , physics , quantum mechanics
This paper reviews the recent literature on the interactions between business cycles and growth. It focuses on the causality from cycles to growth, but also deals to some extent with the reverse causality. It discusses both “Keynesian” and “Schumpeterian” theories of cycles and growth.