Stylised facts of economic growth in developing countries
AbstractThis paper offers a concise survey on the literature of growth empirics applying to DCs. It is argued that there is a number of important stylised facts of economic growth relevant to DCs which are not included in the corresponding lists of Kaldor and Romer. In contrary to the usual procedure, the growth rates of per capita income are calculated by employing potential output, which is determined by the use of the Hodrick-Prescott-filter. Finally, three important conclusions resulting from the empirical observations are discussed in the last section. --
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Bibliographic InfoPaper provided by Ernst Moritz Arndt University of Greifswald, Faculty of Law and Economics in its series Wirtschaftswissenschaftliche Diskussionspapiere with number 08/2001.
Date of creation: 2001
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Stylised Facts; Economic Growth; Developing Countries; Growth Empirics;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- 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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