Determinants of economic growth: A survey of recent developments and empirical evidence for the period 1960-2000
This paper surveys recent developments in the empirical literature on economic growth as well as presents own estimates on the determinants of growth for the period 1960-2000. The latter is made by standardizing the set of control variables usually included in panel data regressions -those derived from the steady state in the Solow-Swan model-. We find that there is no a single determinant of growth; among the determinants there are policy variables such as macroeconomic stability, provision of credit to the private sector and the degree of institutional development; and exogenous variables such as terms of trade and geographical features -latitude and land locking-. The paper also shows that the conditional convergence hypothesis hold and finds a rate of convergence similar to prior studies.
Year of publication: |
2007-08
|
---|---|
Authors: | Raymundo, Chirinos |
Institutions: | Banco Central de Reserva del Perú |
Subject: | determinantes del crecimiento | panel data |
Saved in:
freely available
Series: | |
---|---|
Type of publication: | Book / Working Paper |
Language: | Spanish |
Notes: | Number 2007-013 |
Classification: | C23 - Models with Panel Data ; O40 - Economic Growth and Aggregate Productivity. General ; O47 - Measurement of Economic Growth; Aggregate Productivity |
Source: |
Persistent link: https://www.econbiz.de/10005694904
Saved in favorites
Similar items by subject
-
Productivity's development in the Basque Economy during the period 1985-1994
Oguiza Tobar, Ainhoa, (1998)
-
Haq, Mirajul, (2014)
-
Haq, Mirajul, (2014)
- More ...
Similar items by person