IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v236y2024ics0165176524000594.html
   My bibliography  Save this article

Growth accelerations and takeoffs: Is there a role for capital accumulation?

Author

Listed:
  • Federico, Antonio Pietro
  • Parello, Carmelo Pierpaolo

Abstract

This paper investigates the extent to which the determinants of worldwide accelerations in GDP per capita growth since the 1950s are sensitive to changes in the penalty parameter of the HP filter. When using values for the penalty parameter typically assumed consistent with annual data, the paper finds that physical capital accumulation exerts a positive effect on the probability that a country may experience a growth acceleration. Furthermore, this effect tends to strengthen as the size of the penalty parameter of the HP filter decreases. However, this result is found to hold only for those countries that are abundant in physical capital.

Suggested Citation

  • Federico, Antonio Pietro & Parello, Carmelo Pierpaolo, 2024. "Growth accelerations and takeoffs: Is there a role for capital accumulation?," Economics Letters, Elsevier, vol. 236(C).
    • Handle: RePEc:eee:ecolet:v:236:y:2024:i:c:s0165176524000594
    DOI: 10.1016/j.econlet.2024.111576
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165176524000594
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econlet.2024.111576?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Growth accelerations; HPR filter; Physical capital accumulation; Penalty parameter;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:236:y:2024:i:c:s0165176524000594. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.