Solow and the Native Americans: Technological Residuals and the Economic Performance of U.S. Native American Economies
AbstractThis paper decomposes the large regression residuals of income across 84 U.S. Native American economies (USNAEs) into Solow and Solow-like parts. Decomposition is accomplished algebraically. The calculations find a weak to negative correlation between income and Solow residuals, and a strong correlation between income and Solow-like residuals, especially those associated with human capital and external technology. It also finds that technological residuals are skewed towards high income USNAEs. The reason seems to be that high income USNAEs are better able to build human capital which supports the Nelson-Phelps channel for transmitting technology from external sources.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0505008.
Length: 29 pages
Date of creation: 05 May 2005
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performance; Solow-Solow-like technological residuals; U.S. Native American economies (USNAEs); infrastructure; superstructure; growth;
Find related papers by JEL classification:
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- P47 - Economic Systems - - Other Economic Systems - - - Performance and Prospects
- O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
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