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dc.contributor.authorGuest, Rossen_US
dc.contributor.authorMcDonald, Ianen_US
dc.date.accessioned2017-05-03T11:35:40Z
dc.date.available2017-05-03T11:35:40Z
dc.date.issued2003en_US
dc.identifier.issn13504851en_US
dc.identifier.doi10.1080/1350485022000043995en_US
dc.identifier.urihttp://hdl.handle.net/10072/6478
dc.description.abstractThe vintage and homogeneous capital forms of the aggregate production function can be calibrated to generate the same output level from a given data set in steady state. However, it is shown show that this equivalence breaks down during the adjustment process to an employment shock, such as that caused by an ageing population. Simulations are conducted illustrating the magnitude of the difference in optimal labour productivity growth under the two models.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherTaylor & Francis Ltd.en_US
dc.publisher.placeUKen_US
dc.relation.ispartofpagefrom149en_US
dc.relation.ispartofpageto153en_US
dc.relation.ispartofjournalApplied Economics Lettersen_US
dc.relation.ispartofvolume10en_US
dc.subject.fieldofresearchcode340208en_US
dc.titleVintage versus homogeneous capital in simulations of population ageing: does it matter?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2015-02-11T04:02:34Z
gro.hasfulltextNo Full Text


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