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Notes on Growth Accounting
Barro, Robert J. - 1998
Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. This exercise is generally viewed as a preliminary step for the analysis of fundamental determinants of growth...
Persistent link: https://www.econbiz.de/10012472156
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Growth Accelerations
Hausmann, Ricardo - 2004
since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …
Persistent link: https://www.econbiz.de/10012468127
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Equipment Investment and Economic Growth
De Long, J. Bradford - 1990
Using data from the United Nations Comparison Project and the Penn World Table, we find that machinery and equipment … investment has a strong association with growth: over l9&)?l95 each percent of GDP invested in equipment is associated with an … any of the other components of investment. A variety of considerations suggest that this association is causal, that …
Persistent link: https://www.econbiz.de/10012475518
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From Groundnuts to Globalization : A Structural Estimate of Trade and Growth
Broda, Christian - 2006
in approximately 4000 markets per country. We then move from groundnuts to globalization by building an exact TFP index … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012466154
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On the Invariance of the Rate of Return to Convex Adjustment Costs
Abel, Andrew B. - 2001
Persistent link: https://www.econbiz.de/10012470066
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On the Invariance of the Rate of Return to Convex Adjustment Costs
Abel, Andrew B. - 2001
The Modified Golden Rule, which relates the rate of return on capital and the growth rate of the capital stock along long-run growth paths that maximize the utility of a representative infinitely-lived consumer, is invariant to the introduction of convex capital adjustment costs. Therefore,...
Persistent link: https://www.econbiz.de/10012470081
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Growth and Business Cycles
Jones, Larry - 2000
technology used to produce human capital is identical to the technologies used to produce consumption and investment goods, and …
Persistent link: https://www.econbiz.de/10012471134
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A Contribution to the Empirics of Economic Growth
Mankiw, N. Gregory - 1990
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...
Persistent link: https://www.econbiz.de/10012475495
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The Growth Effects of 1992
Baldwin, Richard - 1989
This paper demonstrates that several types of dynamic trade effects can be easily quantified, at least roughly. These dynamic effects on output are found to be much larger than the static effects measured by existing empirical studies of trade liberalizations. The paper exposits and measures the...
Persistent link: https://www.econbiz.de/10012475926
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A Framework for Economic Growth with Capital-Embodied Technical Change
Jones, Benjamin F.; Liu, Xiaojie - National Bureau of Economic Research - 2022
Technological advance is often embodied in capital inputs. This paper develops a model where capital innovations occur on two margins: (1) vertically, where a capital input becomes more productive at a given task; and (2) horizontally, where a capital input replaces labor at a given task. These...
Persistent link: https://www.econbiz.de/10013388815