Sports and (real) business cycles

被引：0
|
作者：
Cenesiz, M. Alper [1 ]
Pierdzioch, Christian [2 ]
机构：
[1] Univ Porto, Cef Up, Fac Econ, P-4200464 Oporto, Portugal
[2] Helmut Schmidt Univ, Dept Econ, D-22043 Hamburg, Germany
来源：
APPLIED ECONOMICS LETTERS | 2015年 / 22卷 / 03期
关键词：
business cycles; sports; persistence; output volatility; technology shocks; I10; J22; E32; PHYSICAL-ACTIVITY; TIME;
D O I：
10.1080/13504851.2014.934428
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We extend a basic real business cycle model to incorporate households doing sports. Households decide on spending time at the workplace and spending time on doing sports. Sports acts as an investment in health and, thereby, affects total factor productivity. We study the implications of sports for the propagation of technology shocks and for the volatility and persistence of output at business cycle frequencies.
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页码：233 / 238
页数：6
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