Details about Jakob B. Madsen

Access statistics for papers by Jakob B. Madsen.

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Short-id: pma412

Working Papers

2009

1. Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?
   MPRA Paper, University Library of Munich, Germany
2. Catching up to the Technology Frontier: The Dichotomy Between Innovation and Imitation
   CAMA Working Papers, Australian National University, Centre for Applied Macroeconomic Analysis
3. GROWTH AND CAPITAL DEEPENING SINCE 1870: IS IT ALL TECHNOLOGICAL PROGRESS?*
   Monash Economics Working Papers, Monash University, Department of Economics View citations
4. THE INDIAN GROWTH MIRACLE AND ENDOGENOUS GROWTH
   Monash Economics Working Papers, Monash University, Department of Economics View citations
   Also in CAMA Working Papers, Australian National University, Centre for Applied Macroeconomic Analysis (2008) View citations
   Monash Economics Working Papers, Monash University, Department of Economics (2008)

2008

5. IS THE OUTPUT-CAPITAL RATIO CONSTANT IN THE VERY LONG RUN?
   Monash Economics Working Papers, Monash University, Department of Economics
6. TRADE BARRIERS, OPENNESS, AND ECONOMIC GROWTH
   Monash Economics Working Papers, Monash University, Department of Economics
   See also Journal Article in Southern Economic Journal (2009)

2007

7. ECONOMIC GROWTH, TFP CONVERGENCE AND WORLD EXPORTS OF IDEAS: A CENTURY OF EVIDENCE
   Monash Economics Working Papers, Monash University, Department of Economics
8. SEMI-ENDOGENOUS VERSUS SCHUMPETERIAN GROWTH MODELS: TESTING THE KNOWLEDGE PRODUCTION FUNCTION USING INTERNATIONAL DATA
   Monash Economics Working Papers, Monash University, Department of Economics View citations
   See also Journal Article in Journal of Economic Growth (2008)

2006

9. Are there Diminishing Returns to R&D?
   EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations
   See also Journal Article in Economics Letters (2007)

2005

10. THE PRICE-DIVIDEND RELATIONSHIP IN INFLATIONARY AND DEFLATIONARY REGIMES
    Econometrics, EconWPA
    Also in City University Economics Discussion Papers, Department of Economics, City University, London (2003)
    Keele Economics Research Papers, Centre for Economic Research, Keele University (2005) View citations
    See also Journal Article in Finance Research Letters (2005)
11. Technology Spillover through Trade and TFP Convergence: 120 Years of Evidence for the OECD Countries
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations
    See also Journal Article in Journal of International Economics (2007)

2004

12. Equity Prices, Productivity Growth and 'The New Economy
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit
    Also in EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics (2004)
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2003) View citations
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2003)
    See also Journal Article in Economic Journal (2006)
13. Pitfalls in Estimates of Relationship between Share Returns and Inflation
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit
14. THE EQUITY PREMIUM
    Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University
    Also in Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2004)
15. Technological Revolutions, Innovations, and Trade Performance
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics
16. The Equity Premium Puzzle and the Ex Post Bias
    FRU Working Papers, University of Copenhagen. Department of Economics. Finance Research Unit
    See also Journal Article in Applied Financial Economics (2009)
17. Unemployment in the OECD: Models and Mysteries
    IZA Discussion Papers, Institute for the Study of Labor (IZA)
    Also in Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences (1996) View citations

2003

18. Earnings-Related Unemployment Benefits in a Unionised Economy
    IZA Discussion Papers, Institute for the Study of Labor (IZA)
19. The Dynamic Interaction between Equity Prices and Supply Shocks
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics
20. The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics
21. The Macroeconomics of Share Prices in the Medium Term and in the Long Run
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

2002

22. Inflation Targeting and Inflation Persistence
    Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University View citations
    Also in Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University (2002) View citations
23. The Dynamics of Income Shares and the Wage Curve-Phillips Curve Controversy
    Royal Economic Society Annual Conference 2002, Royal Economic Society

1996

24. On Errors in Variable Bias in Estimates of Export Price Elasticities
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences View citations
    See also Journal Article in Economics Letters (1999)
25. The Constant Term Fallacy in Estimates of the NAIRU
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences

1994

26. Unemployment in the OECD: Models, Myths and Mysteries
    Working Papers, Australian National University - Department of Economics View citations

1991

27. Accounting for Supply, Integration and Income in Foreign Trade
    Working Papers, Australian National University - Department of Economics View citations
    See also Journal Article in Applied Economics (1994)
28. Can the Real Wage Gap Explain the Unemployment and the Employment Path in 22 OECD Countries?
    Working Papers, Australian National University - Department of Economics
29. Formation of Production Expectations in Manufacturing Industry for Nine Industrialized Countries
    Working Papers, Australian National University - Department of Economics
30. Labour Demand Under Different Technology Assumptions
    Working Papers, Australian National University - Department of Economics
31. Wage Gap and Technology
    Working Papers, Australian National University - Department of Economics
    See also Journal Article in Kyklos (1994)

1990

32. IS THE FORWARD MARKET STILL INEFFICIENT?
    Working Papers, Australian National University - Department of Economics

Undated

33. The Anatomy of Growth in the OECD since 1870: the Transformation from the Post-Malthusian Growth Regime to the Modern Growth Epoch
    Monash Economics Working Papers, Monash University, Department of Economics View citations

Journal Articles

2009

1. Myopic loss aversion, bond returns and the equity premium puzzle
   Applied Financial Economics, 2009, 19, (17), 1383-1390
2. THE DYNAMICS OF LABOUR'S INCOME SHARES AND THE WAGE CURVE-PHILLIPS CURVE CONTROVERSY
   Scottish Journal of Political Economy, 2009, 56, (1), 45-72
3. THE MACROECONOMICS OF STOCK PRICES IN THE MEDIUM TERM AND IN THE LONG RUN
   Manchester School, 2009, 77, (2), 127-152
4. Taxes and the fundamental value of houses
   Regional Science and Urban Economics, 2009, 39, (3), 365-376
5. The equity premium puzzle and the ex post bias
   Applied Financial Economics, 2009, 19, (2), 157-174
   See also Working Paper (2004)
6. Trade Barriers, Openness, and Economic Growth
   Southern Economic Journal, 2009, 76, (2), 397-418
   See also Working Paper (2008)

2008

7. ARE LABOUR FORCE PARTICIPATION RATES NON-STATIONARY? EVIDENCE FROM 130 YEARS FOR G7 COUNTRIES *
   Australian Economic Papers, 2008, 47, (2), 166-189 View citations
8. Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence
   Scandinavian Journal of Economics, 2008, 110, (1), 145-167 View citations
9. Innovations and manufacturing export performance in the OECD countries
   Oxford Economic Papers, 2008, 60, (1), 143-167
10. Productivity and equity market fundamentals: 80 years of evidence for 11 OECD countries
    Journal of International Money and Finance, 2008, 27, (8), 1261-1283
11. R&D, TECHNOLOGY SPILLOVERS AND STOCK PRICES -super-†
    Pacific Economic Review, 2008, 13, (5), 620-631
12. Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data
    Journal of Economic Growth, 2008, 13, (1), 1-26 View citations
    See also Working Paper (2007)

2007

13. Are there diminishing returns to R&D?
    Economics Letters, 2007, 95, (2), 161-166
    See also Working Paper (2006)
14. Pitfalls in estimates of the relationship between stock returns and inflation
    Empirical Economics, 2007, 33, (1), 1-21
15. Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries
    Journal of International Economics, 2007, 72, (2), 464-480 View citations
    See also Working Paper (2005)

2006

16. Does inflation exaggerate the equity premium?
    Journal of Economic Studies, 2006, 33, (5), 344-356
17. Employment and Total Factor Productivity Convergence
    Kyklos, 2006, 59, (4), 527-555 View citations
18. Equity Prices, Productivity Growth and 'The New Economy'
    Economic Journal, 2006, 116, (513), 791-811 View citations
    See also Working Paper (2004)
19. Investment and Uncertainty: Precipitating the Great Depression in the United States
    Economica, 2006, 73, (291), 393-412 View citations

2005

20. A CENTURY OF ECONOMIC GROWTH: THE SOCIAL RETURNS TO INVESTMENT IN EQUIPMENT AND STRUCTURES
    Manchester School, 2005, 73, (1), 101-122 View citations
21. Empirical Estimates of the NAIRU
    LABOUR, 2005, 19, (3), 563-593
22. The Fisher hypothesis and the interaction between share returns, inflation and supply shocks
    Journal of International Money and Finance, 2005, 24, (1), 103-120 View citations
23. The price-dividend relationship in inflationary and deflationary regimes
    Finance Research Letters, 2005, 2, (4), 260-269 View citations
    See also Working Paper (2005)

2004

24. Institutinal Changes and Strike Activity in OECD-Countries: a Reply to Elke Jahn
    Homo Oeconomicus, 2004, 20, 429-436
25. Labour Disputes in the Twentieth Century: an International Comparison and Evaluation of Theories
    Homo Oeconomicus, 2004, 20, 391-422 View citations
26. Price and wage stickiness during the Great Depression
    European Review of Economic History, 2004, 8, (03), 263-295 View citations

2003

27. Earnings-related unemployment benefits and unemployment
    Economic Systems, 2003, 27, (1), 41-62 View citations
28. Inflation and Investment
    Scottish Journal of Political Economy, 2003, 50, (4), 375-397 View citations

2002

29. Share Returns and the Fisher Hypothesis Reconsidered
    Applied Financial Economics, 2002, 12, (8), 565-74
30. The causality between investment and economic growth
    Economics Letters, 2002, 74, (2), 157-163 View citations
31. The share market boom and the recent disinflation in the OECD countries: the tax-effects, the inflation-illusion and the risk-aversion hypotheses reconsidered1
    The Quarterly Review of Economics and Finance, 2002, 42, (1), 115-141

2001

32. AGRICULTURAL CRISES AND THE INTERNATIONAL TRANSMISSION OF THE GREAT DEPRESSION
    The Journal of Economic History, 2001, 61, (02), 327-365 View citations
33. Consumption, liquidity constraints, uncertainty and temptation: An international comparison
    Journal of Economic Psychology, 2001, 22, (1), 61-89
34. Disinflation, Real Income Uncertainty and the Demand for Consumer Durables in a Mean-Variance Model of Portfolio Selection
    Manchester School, 2001, 69, (2), 179-96
35. Income Uncertainty and Consumer Spending during the Great Depression
    Explorations in Economic History, 2001, 38, (2), 225-251 View citations
36. Labour Demand and Wage-induced Innovations: evidence from the OECD countries
    International Review of Applied Economics, 2001, 15, (3), 323-334 View citations
37. Trade Barriers and the Collapse of World Trade During the Great Depression
    Southern Economic Journal, 2001, 67, (4), 848-868 View citations

2000

38. Direct Tests of the Permanent Income Hypothesis under Uncertainty, Inflationary Expectations and Liquidity Constraints
    Journal of Macroeconomics, 2000, 22, (2), 229-252 View citations

1999

39. On errors in variable biases in estimates of export price elasticities
    Economics Letters, 1999, 63, (3), 313-319 View citations
    See also Working Paper (1996)

1998

40. Asymmetric price adjustment in a menu-cost model
    Journal of Economics, 1998, 68, (3), 295-309 View citations
41. Book review: Basic Econometrics, Damodar N. Gujarati, McGraw-Hill, New York, 1995
    Journal of Applied Econometrics, 1998, 13, (2), 209-212
42. Errors-in-variables, supply side effects, and price elasticities in foreign trade
    Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (4), 612-637 View citations
43. General Equilibrium Macroeconomic Models of Unemployment: Can They Explain the Unemployment Path in the OECD?
    Economic Journal, 1998, 108, (448), 850-67 View citations
44. New Keynesian versus New Classical Theories of Aggregate Supply: Evidence from the OECD Countries
    Scottish Journal of Political Economy, 1998, 45, (3), 273-93
45. The NAIRU and Classical Unemployment in the OECD Countries
    International Review of Applied Economics, 1998, 12, (2), 165-85

1997

46. Tests of the Lucas Supply Curve with Price Expectational Data
    Applied Economics Letters, 1997, 4, (3), 195-97
47. The Inflation and Supply Side Consequences of Demand Side Shocks
    Australian Economic Papers, 1997, 36, (69), 265-82

1996

48. Formation of Inflation Expectations: From the Simple to the Rational Expectations Hypothesis
    Applied Economics, 1996, 28, (10), 1331-37 View citations
49. The Macroeconomic Effects of a Switch from Direct to Indirect Taxes: An Empirical Assessment
    Scottish Journal of Political Economy, 1996, 43, (5), 566-78

1995

50. Inflation and aggregate demand shocks
    Journal of Policy Modeling, 1995, 17, (6), 659-666

1994

51. Accounting for Supply, Integration and Income in Foreign Trade
    Applied Economics, 1994, 26, (1), 53-63 View citations
    See also Working Paper (1991)
52. Forecasts of Inflation with Price Expectations
    Applied Economics Letters, 1994, 1, (6), 92-95
53. Tests of rationality versus an "over optimist" bias
    Journal of Economic Psychology, 1994, 15, (4), 587-599 View citations
54. The Real Wage Gap and Unemployment in the OECD
    Australian Economic Papers, 1994, 33, (62), 96-106
55. The Rise in UK Unemployment: The Search for an Explanation
    International Review of Applied Economics, 1994, 8, (3), 251-65 View citations
56. Wage Gap and Technology
    Kyklos, 1994, 47, (1), 95-108 View citations
    See also Working Paper (1991)

1993

57. The Formation of Production Expectations in Manufacturing Industry for Nine Industrialized Countries
    Empirical Economics, 1993, 18, (3), 501-21

1991

58. Formation of production expectations under risk
    Journal of Economic Psychology, 1991, 12, (1), 101-119

Editor

1. Monash Economics Working Papers
   Monash University, Department of Economics