| dc.creator |
Gundlach, Erich |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T06:55:33Z |
|
| dc.date.available |
2013-10-16T06:55:33Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/3878 |
|
| dc.identifier |
ppn:517652315 |
|
| dc.identifier |
ppn:517652315 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/3878 |
|
| dc.description |
Translated to a cross-country context, the Solow model (Solow, 1956) predicts that international differences in steady state output per person are due to international differences in technology for a constant capital output ratio. However, most of the cross-country growth literature that refers to the Solow model has employed a specification where steady state differences in output per person are due to international differences in the capital output ratio for a constant level of technology. My empirical results show that the former specification can summarize the data quite well by using a measure of institutional technology and treating the capital output ratio as part of the regression constant. This reinterpretation of the cross-country Solow model provides an interesting implication for empirical studies of international trade. Harrod-neutral technology differences as presumed by the Solow model can explain why countries have different factor intensities and may end up in different cones of specialization. |
|
| dc.language |
eng |
|
| dc.publisher |
Kiel Institute for the World Economy (IfW) Kiel |
|
| dc.relation |
Kieler Arbeitspapiere 1294 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
O40 |
|
| dc.subject |
F11 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
Solow Model |
|
| dc.subject |
Lerner diagram |
|
| dc.subject |
Solow-Modell |
|
| dc.subject |
Wachstumstheorie |
|
| dc.subject |
Steady-State-Wachstum |
|
| dc.subject |
Kapitalintensität |
|
| dc.subject |
Außenwirtschaftstheorie |
|
| dc.subject |
Internationale Arbeitsteilung |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Theorie |
|
| dc.subject |
Welt |
|
| dc.title |
The Solow model in the empirics of growth and trade |
|
| dc.type |
doc-type:workingPaper |
|