Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model
Autor(a) principal: | |
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Data de Publicação: | 2007 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/82851 |
Resumo: | The theories of country growth models are supported by the high scale variation observed in these countries’ growth rates. This is the reason behind those typical questions, like “Why did some East Asian countries grow so much?”, amongst others. Therefore, a lot of recent research has been focused in trying to explain why some countries are richer than others, using, for example, the human capital-augmented Solow Swan model of dispersion in income levels. The article by Mankiw, Romer and Weil [1992] contains a thorough empirical analysis of this type of Solow model augmented with human capital, based on version Penn World Table (ab hinc PWT) 4.0 of the famous Summers and Heston dataset. In this paper I apply a similar analysis to the augmented Solow model as presented in Jones [2002], Chapter 3. Like the augmented Solow model of Mankiw, Jones’ model has the basic Solow model as a special case. Using a more recent version PWT 5.6 of the Summers and Heston dataset, updated until 1997 and with the variable referring to the fraction of time individuals spend on learning new skills added, this paper aims to perform a new and revisited level and convergence analysis of both the (un)restricted basic and augmented Solow-Swan Model. |
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Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth ModelEmpirical Endogenous GrowthAugmented Growth ModelsHuman Capital AccumulationThe theories of country growth models are supported by the high scale variation observed in these countries’ growth rates. This is the reason behind those typical questions, like “Why did some East Asian countries grow so much?”, amongst others. Therefore, a lot of recent research has been focused in trying to explain why some countries are richer than others, using, for example, the human capital-augmented Solow Swan model of dispersion in income levels. The article by Mankiw, Romer and Weil [1992] contains a thorough empirical analysis of this type of Solow model augmented with human capital, based on version Penn World Table (ab hinc PWT) 4.0 of the famous Summers and Heston dataset. In this paper I apply a similar analysis to the augmented Solow model as presented in Jones [2002], Chapter 3. Like the augmented Solow model of Mankiw, Jones’ model has the basic Solow model as a special case. Using a more recent version PWT 5.6 of the Summers and Heston dataset, updated until 1997 and with the variable referring to the fraction of time individuals spend on learning new skills added, this paper aims to perform a new and revisited level and convergence analysis of both the (un)restricted basic and augmented Solow-Swan Model.Nova SBERUNJalles, João Tovar2019-10-01T13:46:44Z2007-102007-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/82851engJalles, João Tovar, Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model (October, 2007). FEUNL Working Paper Series No. 520info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:36:48Zoai:run.unl.pt:10362/82851Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:13.643139Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
title |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
spellingShingle |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model Jalles, João Tovar Empirical Endogenous Growth Augmented Growth Models Human Capital Accumulation |
title_short |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
title_full |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
title_fullStr |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
title_full_unstemmed |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
title_sort |
Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model |
author |
Jalles, João Tovar |
author_facet |
Jalles, João Tovar |
author_role |
author |
dc.contributor.none.fl_str_mv |
RUN |
dc.contributor.author.fl_str_mv |
Jalles, João Tovar |
dc.subject.por.fl_str_mv |
Empirical Endogenous Growth Augmented Growth Models Human Capital Accumulation |
topic |
Empirical Endogenous Growth Augmented Growth Models Human Capital Accumulation |
description |
The theories of country growth models are supported by the high scale variation observed in these countries’ growth rates. This is the reason behind those typical questions, like “Why did some East Asian countries grow so much?”, amongst others. Therefore, a lot of recent research has been focused in trying to explain why some countries are richer than others, using, for example, the human capital-augmented Solow Swan model of dispersion in income levels. The article by Mankiw, Romer and Weil [1992] contains a thorough empirical analysis of this type of Solow model augmented with human capital, based on version Penn World Table (ab hinc PWT) 4.0 of the famous Summers and Heston dataset. In this paper I apply a similar analysis to the augmented Solow model as presented in Jones [2002], Chapter 3. Like the augmented Solow model of Mankiw, Jones’ model has the basic Solow model as a special case. Using a more recent version PWT 5.6 of the Summers and Heston dataset, updated until 1997 and with the variable referring to the fraction of time individuals spend on learning new skills added, this paper aims to perform a new and revisited level and convergence analysis of both the (un)restricted basic and augmented Solow-Swan Model. |
publishDate |
2007 |
dc.date.none.fl_str_mv |
2007-10 2007-10-01T00:00:00Z 2019-10-01T13:46:44Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/82851 |
url |
http://hdl.handle.net/10362/82851 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Jalles, João Tovar, Emprirical Applications of Neoclassical Growth Models the “FIT” of the Solow Augmented Growth Model (October, 2007). FEUNL Working Paper Series No. 520 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Nova SBE |
publisher.none.fl_str_mv |
Nova SBE |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137981296017408 |