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The Desirability of Multi-equational Approaches for the Study of Economic Growth. An Empirical Evidence

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  • Gregorio Jiménez
  • Jaime Sanaú
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    Abstract

    This paper looks at the growth of a varied sample of countries during the period 1985-2000, focusing on three key variables: investment in physical capital, human capital and institutions. The analysis pays special attention to the process of the accumulation of these variables and their interrelationships. The results show that empirical research on growth should highlight the aspects of the accumulation and interrelationships of factors through the use of systems of equations such as that proposed in this study.

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    File URL: http://www2.uah.es/iaes/publicaciones/DT_02_07.pdf
    File Function: First version, 2007
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    Bibliographic Info

    Paper provided by Instituto Universitario de Análisis Económico y Social in its series Working Papers with number 02/07.

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    Length: 29 pages
    Date of creation: Mar 2007
    Date of revision:
    Handle: RePEc:uae:wpaper:0207

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    Keywords: Growth; human capital; investment; institutions; models of simultaneous equations;

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