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Aggregate Production Functions and Growth Economics Author info | Abstract | Publisher info | Download info | Related research | Statistics Jonathan Temple
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Rigorous approaches to aggregation indicate that aggregate production functions do not exist except in unlikely special cases. This paper considers the awkward implications for growth economics. It provides a conventional defence of growth theory in terms of 'parables’ and then considers how empirical growth research might avoid the need for aggregate production functions.
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Article provided by Taylor and Francis Journals in its journal International Review of Applied Economics .
Volume (Year): 20 (2006)
Issue (Month): 3 (July)
Pages: 301-317
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Handle: RePEc:taf:irapec:v:20:y:2006:i:3:p:301-317Contact details of provider: Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=102219
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Keywords: aggregation ; production functions ; growth econometrics ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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"Capital-skill complementarity and inequality: a macroeconomic analysis ,"
Staff Report
239, Federal Reserve Bank of Minneapolis.
[Downloadable!]
Other versions: Bryan S. Graham & Jonathan R. W. Temple, 2004.
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The Institute for International Integration Studies Discussion Paper Series
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Other versions:
Graham, Bryan S & Temple, Jonathan, 2001.
"Rich Nations, Poor Nations: How Much can Multiple Equilibria Explain? ,"
CEPR Discussion Papers
3046, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Graham, Bryan S. & Jonathan Temple, 2002.
"Rich Nations, Poor Nations: How much can multiple equilibria explain? ,"
Royal Economic Society Annual Conference 2002
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Journal of Economic Growth ,
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Robert E. Hall & Charles I. Jones, 1999.
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3977, National Bureau of Economic Research, Inc.
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Benhabib, Jess & Spiegel, Mark M., 1994.
"The role of human capital in economic development evidence from aggregate cross-country data ,"
Journal of Monetary Economics ,
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Hendricks, Lutz A., 2004.
"How Important is Human Capital for Development? Evidence from Immigrant Earnings ,"
Staff General Research Papers
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"Why are Poor Countries Poor? A Message of Hope which Involves the Resolution of a Becker/Lucas Paradox ,"
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Klenow, Peter J. & Rodriguez-Clare, Andres, 1997.
"Economic growth: A review essay ,"
Journal of Monetary Economics ,
Elsevier, vol. 40(3), pages 597-617, December.
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Jonathan Temple, 1999.
"The New Growth Evidence ,"
Journal of Economic Literature ,
American Economic Association, vol. 37(1), pages 112-156, March.
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Robertson, Peter E, 1999.
"Economic Growth and the Return to Capital in Developing Economies ,"
Oxford Economic Papers ,
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Other versions: Blackorby, Charles & Schworm, William, 1988.
"The Existence of Input and Output Aggregates in Aggregate Production Functions ,"
Econometrica ,
Econometric Society, vol. 56(3), pages 613-43, May.
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Daron Acemoglu & Simon Johnson & James A. Robinson, 2001.
"The Colonial Origins of Comparative Development: An Empirical Investigation ,"
American Economic Review ,
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Other versions: Chang-Tai Hsieh & Peter J. Klenow, 2003.
"Relative prices and relative prosperity ,"
Proceedings ,
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Other versions:
Chang-Tai Hsieh & Peter J. Klenow, 2003.
"Relative Prices and Relative Prosperity ,"
NBER Working Papers
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American Economic Review ,
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[Downloadable!] Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 1997.
"Long-Run Implications of Investment-Specific Technological Change ,"
American Economic Review ,
American Economic Association, vol. 87(3), pages 342-62, June.
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Other versions:
Greenwood, J. & Hercowitz, Z. & Krusell, P., 1996.
"Long-Run Implications of Investment-Specific Technological Change ,"
RCER Working Papers
420, University of Rochester - Center for Economic Research (RCER).
Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995.
"Long-Run Implications of Investment-Specific Technological Change ,"
UWO Department of Economics Working Papers
9510, University of Western Ontario, Department of Economics.
Jeffrey A. Frankel & David Romer, 1999.
"Does Trade Cause Growth? ,"
American Economic Review ,
American Economic Association, vol. 89(3), pages 379-399, June.
[Downloadable!] (restricted)
Temple, Jonathan, 1998.
"Equipment Investment and the Solow Model ,"
Oxford Economic Papers ,
Oxford University Press, vol. 50(1), pages 39-62, January.
Shaikh, Anwar, 1974.
"Laws of Production and Laws of Algebra: The Humbug Production Function ,"
The Review of Economics and Statistics ,
MIT Press, vol. 56(1), pages 115-20, February.
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Melitz, Marc J, 2002.
"The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity ,"
CEPR Discussion Papers
3381, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Mark J. Melitz, 2002.
"The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity ,"
NBER Working Papers
8881, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Marc J. Melitz, 2003.
"The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity ,"
Econometrica ,
Econometric Society, vol. 71(6), pages 1695-1725, November.
[Downloadable!] (restricted) Dale W. Jorgenson & Kevin J. Stiroh, 2000.
"U.S. Economic Growth at the Industry Level ,"
American Economic Review ,
American Economic Association, vol. 90(2), pages 161-167, May.
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Bernard, Andrew B & Jones, Charles I, 1996.
"Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries ,"
American Economic Review ,
American Economic Association, vol. 86(5), pages 1216-38, December.
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Mankiw, N Gregory & Romer, David & Weil, David N, 1992.
"A Contribution to the Empirics of Economic Growth ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 107(2), pages 407-37, May.
[Downloadable!] (restricted)
Other versions: Trefler, Daniel, 1995.
"The Case of the Missing Trade and Other Mysteries ,"
American Economic Review ,
American Economic Association, vol. 85(5), pages 1029-46, December.
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Herrendorf, Berthold & Valentinyi, Akos, 2005.
"What Sectors Make the Poor Countries So Unproductive? ,"
CEPR Discussion Papers
5399, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Ventura, Jaume, 1997.
"Growth and Interdependence ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 112(1), pages 57-84, February.
J. Bradford DeLong, 1996.
"Cross-country variations in national economic growth rates: the role of "technology" ,"
Conference Series ; [Proceedings] ,
Federal Reserve Bank of Boston, issue Jun, pages 127-172.
[Downloadable!]
Jesus Felipe & J. S. L. McCombie, 2005.
"WHY ARE SOME COUNTRIES RICHER THAN OTHERS? A SKEPTICAL VIEW OF MANKIW-ROMER-WEIL's TEST OF THE NEOCLASSICAL GROWTH MODEL ,"
Metroeconomica ,
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[Downloadable!] (restricted)
Lucas, Robert E, Jr, 1990.
"Why Doesn't Capital Flow from Rich to Poor Countries? ,"
American Economic Review ,
American Economic Association, vol. 80(2), pages 92-96, May.
[Downloadable!] (restricted)
Werner Antweiler & Daniel Trefler, 2000.
"Increasing Returns and All That: A View From Trade ,"
NBER Working Papers
7941, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Jonathan Temple & Ludger Woessmann, 2004.
"Dualism and Cross-Country Growth Regressions ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Other versions:
John Temple & Ludger Woessmann, 2004.
"Dualism and cross-country growth regressions ,"
Bristol Economics Discussion Papers
04/560, Department of Economics, University of Bristol, UK.
[Downloadable!] Temple, Jonathan & Woessmann, Ludger, 2006.
"Dualism and Cross-Country Growth Regressions ,"
CEPR Discussion Papers
5655, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Jonathan Temple & Ludger Wößmann, 2006.
"Dualism and cross-country growth regressions ,"
Ifo Working Paper Series
Ifo Working Paper No. 33, Ifo Institute for Economic Research at the University of Munich.
[Downloadable!] Jonathan Temple & Ludger Wößmann, 2006.
"Dualism and cross-country growth regressions ,"
Journal of Economic Growth ,
Springer, vol. 11(3), pages 187-228, September.
[Downloadable!] (restricted) John Landon-Lane & Peter Robertson, 2003.
"Accumulation and Productivity Growth in Industrializing Economies ,"
Departmental Working Papers
200305, Rutgers University, Department of Economics.
[Downloadable!]
Islam, Nazrul, 1995.
"Growth Empirics: A Panel Data Approach ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 110(4), pages 1127-70, November.
[Downloadable!] (restricted)
Jonathan Temple, 2005.
"Dual economy models: a primer for growth economists ,"
Bristol Economics Discussion Papers
05/574, Department of Economics, University of Bristol, UK.
Other versions: Cornwall, John, 1977.
"The Relevance of Dual Models for Analyzing Developed Capitalist Economies ,"
Kyklos ,
Blackwell Publishing, vol. 30(1), pages 51-73.
Benhabib, Jess & Jovanovic, Boyan, 1991.
"Externalities and Growth Accounting ,"
American Economic Review ,
American Economic Association, vol. 81(1), pages 82-113, March.
[Downloadable!] (restricted)
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