The Empirics of the Solow Growth Model: Long-Term Evidence

The purpose of this paper is to reassess the standard Solow growth model,using a dynamic panel data approach. A new methodology is chosen to deal with this problem. First, unit root tests for individual country time series were run. Second, panel data unit root and cointegration tests were performed. Finally, the panel cointegration dynamics is estimated by DOLS method. The resulting evidence supports roughly one- third capital share in income.

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Year of publication:	2004-06-16
Authors:	Barossi-Filho, Milton ; Silva, Ricardo Gonçalves ; Diniz, Eliezer Martins
Institutions:	EconWPA
Subject:	Economic growth \| panel data \| unit root \| cointegration and convergence

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Extent:	application/pdf
Series:	GE, Growth, Math methods.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 24 24 pages
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; O50 - Economywide Country Studies. General ; O57 - Comparative Studies of Countries ; C33 - Models with Panel Data ; C52 - Model Evaluation and Testing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005556713