A generalized multi-country endogenous growth model
โ Scribed by Lutz G. Arnold
- Publisher
- Springer-Verlag
- Year
- 2007
- Tongue
- English
- Weight
- 847 KB
- Volume
- 4
- Category
- Article
- ISSN
- 1612-4804
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
The paper considers international per capita output and its growth using a panel of data for 102 countries between 1960 and 1989. It sets out an explicitly stochastic Solow growth model and shows that this has quite dierent properties from the standard approach where the output equation is obtained
We provide a theoretical treatment of temporal aggregation in models that exhibit long-term endogenously generated steady growth; hence generalizing our previous analysis [Econometrica 62 (1994), 635}656]. We introduce the property of steady growth invariance \* that the long-term growth of the cont