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The empirics of the Solow growth model: Long-term evidence

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Author Info
Milton Barossi-Filho (Department of Economics - FEA-RP / University of São Paulo - USP)
Ricardo Gonçalves Silva () (Department of Economics - FEA-RP / University of São Paulo - USP)
Eliezer Martins Diniz (Department of Economics - FEA-RP / University of São Paulo - USP)

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Abstract

In this paper we reassess the standard Solow growth model, using a dynamic panel data approach. A new methodology is chosen to deal with this problem. First, unit root tests for individual country time series were run. Second, panel data unit root and cointegration tests were performed. Finally, the panel cointegration dynamics is estimated by (DOLS) method. The resulting evidence supports roughly one-third capital share in income, a.

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Publisher Info
Article provided by Universidad del CEMA in its journal Journal of Applied Economics.

Volume (Year): VIII (2005)
Issue (Month): (May)
Pages: 31-51
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Handle: RePEc:cem:jaecon:v:8:y:2005:n:1:p:31-51

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Related research
Keywords: Economic growth; panel data; unit root; cointegration and convergence;

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Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation and Testing

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