Narrow search
Showing 1 - 10 of 3,968
Cover Image
Notes on Growth Accounting
Barro, Robert J. - 2021
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/10013243370
Cover Image
Equipment Investment and Economic Growth
DeLong, J. Bradford; Summers, Lawrence H. - 2021
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/10013248113
Cover Image
Growth Accelerations
Hausmann, Ricardo; Pritchett, Lant; Rodrik, Dani - 2022
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/10013321621
Cover Image
From Groundnuts to Globalization : A Structural Estimate of Trade and Growth
Broda, Christian M. - 2010
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/10012760652
Cover Image
On the Invariance of the Rate of Return to Convex Adjustment Costs
Abel, Andrew B. - 2021
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/10013248537
Cover Image
A Contribution to the Empirics of Economic Growth
Mankiw, N. Gregory - 2010
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/10013138393
Cover Image
Growth and Business Cycles
Jones, Larry; Manuelli, Rody; Siu, Henry - 2021
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/10013228713
Cover Image
The New Empirics of Economic Growth
Durlauf, Steven N.; Quah, Danny - 2021
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10013218903
Cover Image
Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity
da Rocha, José M. - 2017
What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical evidence points to resource misallocation across heterogeneous production units as an important factor. We study misallocation in a general equilibrium model of establishment...
Persistent link: https://www.econbiz.de/10012957990
Cover Image
Policy Distortions and Aggregate Productivity with Heterogeneous Plants
Restuccia, Diego - 2010
We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...
Persistent link: https://www.econbiz.de/10012760197