المستودع الأكاديمي جامعة المدينة

Capital Accumulation and Growth : A New Look at the Empirical Evidence

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dc.creator Schiantarelli, Fabio
dc.creator Leblebicioglu, Asli
dc.creator Bond, Steve
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:25Z
dc.date.available 2013-10-16T07:10:25Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20414
dc.identifier ppn:389180149
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20414
dc.description We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of countries, using pooled data for non-overlapping five-year periods, or allowing for heterogeneity across countries in regression coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 1174
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C23
dc.subject E22
dc.subject O40
dc.subject ddc:330
dc.subject growth
dc.subject capital accumulation
dc.subject investment
dc.subject Investition
dc.subject Wirtschaftswachstum
dc.subject Arbeitsproduktivität
dc.subject Schätzung
dc.subject Welt
dc.title Capital Accumulation and Growth : A New Look at the Empirical Evidence
dc.type doc-type:workingPaper


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