The translog growth model
AbstractThe macroeconomic growth equation based on the Solow model with translog technology is derived and compared to Wicksell-Cobb-Douglas. Both the basic model with physical capital and the augmented model with physical and human capital are presented. The purpose of the paper is to make translog a more attractive alternative for empirical research on economic growth.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Macroeconomics.
Volume (Year): 32 (2010)
Issue (Month): 2 (June)
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Web page: http://www.elsevier.com/locate/inca/622617
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