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Solow or Lucas? : testing speed of convergence on a panel of OECD countries
Arnold, Jens Matthias; Bassanini, Andrea; Scarpetta, Stefano - 2010
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent with the augmented Solow model or the Uzawa-Lucas model, by exploiting the different non-linear restrictions implied by them as regards the relationship between factor shares and...
Persistent link: https://www.econbiz.de/10009154581
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Solow or Lucas? Testing Speed of Convergence on a Panel of OECD Countries
Arnold, Jens Matthias - 2010
We test whether the growth experience of a sample of 21 OECD countries over the past three decades is more consistent with the augmented Solow model or the Uzawa-Lucas model, by exploiting the different non-linear restrictions implied by them as regards the relationship between factor shares and...
Persistent link: https://www.econbiz.de/10013136719
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Solow or Lucas?: Testing Growth Models Using Panel Data from OECD Countries
Arnold, Jens - 2007
direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …
Persistent link: https://www.econbiz.de/10012446905
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Solow or Lucas? : Testing Growth Models Using Panel Data from OECD Countries
Arnold, Jens Matthias; Bassanini, Andrea; Scarpetta, Stefano - 2008
direct investment, the theoretical models imply that the speed of convergence to the steady state differs across countries …
Persistent link: https://www.econbiz.de/10014220199
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The Augmented Solow Model and the Productivity Slowdown
Hamilton, James D.; Monteagudo, Josefa - 2001
This paper notes that the Mankiw, Romer, and Weil formulation of the augmented Solow growth model has implications not only for the steady-state growth rates but also for how these growth rates would change if there are changes in fundamentals. The analysis supports several of Mankiw, Romer, and...
Persistent link: https://www.econbiz.de/10014222193
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The Augmented Solow Model and the Productivity Slowdown
Hamilton, James D.; Monteagudo, Josefa - 1998
. Our results provide further support for several of Mankiw, Romer and Weil's key conclusions--investment in physical … capital, population growth, and the initial levels of output seem to matter a great deal. However, investment in human capital … has no ability to account for changes in growth rates over time. We conclude that investment in physical capital seems to …
Persistent link: https://www.econbiz.de/10014063351
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Does too much finance harm economic growth?
Singh, Nirvikar; Hook, Law Siong - 2013
This study provides new evidence on the relationship between finance and economic growth using an innovative dynamic panel threshold technique. The sample consists of 87 developed and developing countries. The empirical results indicate that there is a threshold effect in the finance-growth...
Persistent link: https://www.econbiz.de/10010195667
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A Panel Granger-Causality Test of Endogenous vs. Exogenous Growth
Hartwig, Jochen - 2009
capital. For physical capital, the test results favor Solow-type exogenous growth theory over AK-type endogenous growth models …
Persistent link: https://www.econbiz.de/10013157894
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Economic growth and international trade with capital goods : theories and empirical evidence
Maurer, Rainer - 1998
Persistent link: https://www.econbiz.de/10000662241
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The Role of Energy in the Industrial Revolution and Modern Economic Growth
Stern, David I.; Kander, Astrid - 2011
The expansion in the supply of energy services over the last couple of centuries has reduced the apparent importance of energy in economic growth despite energy being an essential production input. We demonstrate this by developing a simple extension of the Solow growth model, which we use to...
Persistent link: https://www.econbiz.de/10014186099