EconPapers    
Economics at your fingertips  
 

Online Appendix to Human Capital and International Real Business Cycles

Marco Maffezzoli ()

Online Appendices from Review of Economic Dynamics

Abstract: Standard international real business cycle models are generally unable to replicate the observed comovements of all the main aggregate variables: in particular, they generate low or negative international comovements in output, investment, and labour. I simulated a two-country, two-sector stochastic endogenous growth model that embodies an externality linking human capital across countries. This model is able to reproduce positive international correlations for all the main variables, and is partially able to reproduce their ranking. These results are robust to changes in the entire set of parameters, as shown in a global sensitivity analysis performed by applying Canova's methodology.

Keywords: stochastic growth models; international comovements; investment comovements; human capital; knowledge spillovers (search for similar items in EconPapers)
JEL-codes: E32 F41 J24 O41 (search for similar items in EconPapers)
Pages: 31 pages
Date: 1998-05
Note: The original article was published in the Review of Economic Dynamics, volume 3 (2000), pages 137-165
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.economicdynamics.org/appendix/maffezzoli00.pdf (application/pdf)
None

Related works:
Journal Article: Human Capital and International Real Business Cycles (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:append:maffezzoli00

Ordering information: This working paper can be ordered from
https://www.economic ... ription-information/

Access Statistics for this paper

More papers in Online Appendices from Review of Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2020-11-01
Handle: RePEc:red:append:maffezzoli00