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Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı

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  • Hakan SARIBAŞ

Abstract

In this article, we examine Solow-Swan Model, Augmented Solow-Swan Model, Absolute and Conditional Convercence hypotheses by following (Mankiw-Romer-Weil, 1992). Panel Data Fixed Effects approach is employed in six distinct country groups (all, population over one million, West, Africa, Islam and Latin) between 1990-2010 period. We found that coefficients of original model have higher values as compared to model suggestions, but these values have not come to normal levels when we control the human capital. In addition to this finding, explanatory power of independent variables in augmented model has increased and nearly explained per-worker income level. Finally, we concluded that income differences among countries may fade away in time on the condition that countries have the same structural characteristics.

Suggested Citation

  • Hakan SARIBAŞ, 2016. "Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(30).
    • Handle: RePEc:sos:sosjrn:160411
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    More about this item

    Keywords

    Growth; Mankiw-Romer-Weil; Solow-Swan Model; Convergence; Cross-Section.;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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