Some Evidence on the Continuity of the Growth Process among the G-7 Countries
AbstractThe stability of the growth process, whether growth rates are rising, falling, or constant, is one of the central questions of economic growth theory. We use recently developed techniques for identifying structural change in economic time series, and find evidence of multiple breaks in per capita real GDP of the G7 countries over the past 120 years. Once determined, these breaks are used to delineate time periods. Although there is some evidence of individual periods of slowdowns, the overall tendency appears to be one of increasing steady state growth over the long run. Copyright 2000 by Oxford University Press.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 38 (2000)
Issue (Month): 2 (April)
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- Ben-David, D., 1998. "Some Evidence on the Continuity of the Growth Process Among the G7 Countries," Papers 98-01, Houston - Department of Economics.
- Ben-David, D. & Pappel, D.H., 1996. "Some Evidence on the Continuity of the Growth Process Among the G7 Countries," Papers 5-96, Tel Aviv.
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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