Testing the Neoclassical Theory of Economic Growth: A Panel Data Approach
Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1992
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Schriftenreihe: | IMF Working Papers
Working Paper No. 92/106 |
Online-Zugang: | BSB01 FAN01 FHA01 FKE01 FLA01 FNU01 LCO01 SBG01 SBR01 TUM01 UBA01 UBG01 UBM01 UBR01 UBT01 UBW01 UBY01 UEI01 UER01 UPA01 Volltext |
Zusammenfassung: | Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical results provide support for the view that these factors exert a positive and significant influence on economic growth. They also provide estimates of the speed at which the gap in real per capita income between rich and poor countries is likely to be reduced over the longer term |
Beschreibung: | 1 Online-Ressource (38 p) |
ISBN: | 1451947054 9781451947052 |
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spelling | Knight, Malcolm Donald 1944- Verfasser (DE-588)170042049 aut Testing the Neoclassical Theory of Economic Growth A Panel Data Approach Knight, Malcolm D Washington, D.C International Monetary Fund 1992 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 92/106 Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical results provide support for the view that these factors exert a positive and significant influence on economic growth. They also provide estimates of the speed at which the gap in real per capita income between rich and poor countries is likely to be reduced over the longer term Online-Ausg Loayza, Norman 1964- Sonstige (DE-588)123814243 oth Villanueva, Delano Sonstige (DE-588)170728919 oth http://elibrary.imf.org/view/IMF001/06764-9781451947052/06764-9781451947052/06764-9781451947052.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Knight, Malcolm Donald 1944- Testing the Neoclassical Theory of Economic Growth A Panel Data Approach |
title | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach |
title_auth | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach |
title_exact_search | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach |
title_exact_search_txtP | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach |
title_full | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach Knight, Malcolm D |
title_fullStr | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach Knight, Malcolm D |
title_full_unstemmed | Testing the Neoclassical Theory of Economic Growth A Panel Data Approach Knight, Malcolm D |
title_short | Testing the Neoclassical Theory of Economic Growth |
title_sort | testing the neoclassical theory of economic growth a panel data approach |
title_sub | A Panel Data Approach |
url | http://elibrary.imf.org/view/IMF001/06764-9781451947052/06764-9781451947052/06764-9781451947052.xml |
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