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Testing the Uzawa–Lucas model with OECD data

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  • Hartwig, Jochen

Abstract

The paper tests the Uzawa–Lucas model of endogenous growth using a modified Granger-causality test and panel data for 20 OECD countries. The results favour the human capital augmented endogenous growth model against both the exogenous growth model à la Solow and endogenous growth models of the AK type.

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Bibliographic Info

Article provided by Elsevier in its journal Research in Economics.

Volume (Year): 68 (2014)
Issue (Month): 2 ()
Pages: 144-156

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Handle: RePEc:eee:reecon:v:68:y:2014:i:2:p:144-156

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Web page: http://www.elsevier.com/locate/inca/622941

Related research

Keywords: Exogenous growth; Endogenous growth; Uzawa–Lucas model; OECD panel;

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