| 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 |
|