GGH preferences

GGH preferences (short for Greenwood-Hercowitz-Huffman preferences), refer to an economic formula developed by Jeremy Greenwood, Zvi Hercowitz, and Gregory Huffman, in their 1988 paper "Investment, Capacity Utilization, and the Real Business Cycle". It describes the macroeconomic impact of technological changes that affect productivity.

GGH preferences have Gorman form.

References

* [http://www.econ.rochester.edu/Faculty/GreenwoodPapers/ghh88.pdf Investment, Capacity Utilization, and the Real Business Cycle] (Jeremy Greenwood archive
* [http://www.econterms.com/glossary.cgi?action=++Search++&query=GGH+preference GGH preference] at the Glossary of Economics Research