search query: @author Amendola, M. / total: 2
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| Author: | Amendola, M. Froeschle, C. Gaffard, J.-L. |
| Title: | Structure and cycles |
| Journal: | Journal of Economic Behavior and Organization
1996 : MAY, VOL. 29:3, p. 409-432 |
| Index terms: | ECONOMICS STRUCTURAL CHANGE ORGANIZATION |
| Language: | eng |
| Abstract: | On the basis of a Neo-Austrian representation of the production process , the authors show how recurrent cycles can emerge from a distortion of productive capacity, which hamper the viability of changes that imply structural modifications. Even the quickest and most complete adaptation of the structure of productive capacity cannot prevent the economy from bearing fluctuations: it can only make them regular. Cycles can be the outcome of exogenous random shocks, which both determine the amplitude of generated cycles. |
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