Do Business Cycles Cast Long Shadows? Short-Run Persistence and Economic Growth

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On the Cyclicality of Research and Development (2007, background): “Rather than introduce leisure as a separate argument in the utility function and allowing 26 households to choose their labor supply, I follow Fatas (2000) in assuming labor varies exogenously over the cycle.”
Output Drops and the Shocks that Matter (2006, background): “Indeed, our study is partly motivated by mounting evidence that volatility—and, especially, recessions or crises—may reduce long-run economic growth itself (Fatás, 2000 and 2002), implying in turn major welfare losses, as shown by Barlevy (2004).”
Animal spirits through creative destruction (2003, background): “Fatas (2000) documents that growth in real R&D expenditures in the US is positively correlated with real GDP growth.”
R&D expenditure in G7 countries and the implications for endogenous fluctuations and growth (2004, background): “Fatas (2000) provides a plot of growth rates of R&D expenditure and GDP for the USA from 1961 to 1996 and argues that they are procyclical.”