In this paper we study the generation of "long slumps" due to structual adjustments among industries with different speeds of technical progress.
Delli Gatti, D., Gallegati, M., Greenwald, B., Stiglitz, J., Russo, A., Mobility Constraints, Productivity Trends, and Extended Crises, <<JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION>>, 2012; 2012 (83): 375-393. [doi:10.1016/j.jebo.2012.03.011] [http://hdl.handle.net/10807/43300]
Mobility Constraints, Productivity Trends, and Extended Crises
Delli Gatti, Domenico;
2012
Abstract
In this paper we study the generation of "long slumps" due to structual adjustments among industries with different speeds of technical progress.
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