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Testing the Uzawa–Lucas model with OECD data

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  • Hartwig, Jochen

Abstract

The paper tests the Uzawa–Lucas model of endogenous growth using a modified Granger-causality test and panel data for 20 OECD countries. The results favour the human capital augmented endogenous growth model against both the exogenous growth model à la Solow and endogenous growth models of the AK type.

Suggested Citation

  • Hartwig, Jochen, 2014. "Testing the Uzawa–Lucas model with OECD data," Research in Economics, Elsevier, vol. 68(2), pages 144-156.
  • Handle: RePEc:eee:reecon:v:68:y:2014:i:2:p:144-156
    DOI: 10.1016/j.rie.2014.01.002
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    1. repec:elg:ejeepi:v:14:y:2017:i:2:p131-172 is not listed on IDEAS
    2. Robert Jump & Ivan Mendieta-Muñoz, 2017. "Wage led aggregate demand in the United Kingdom," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(5), pages 565-584, September.
    3. Eckhard Hein, 2017. "Post-Keynesian macroeconomics since the mid 1990s: main developments," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 14(2), pages 131-172, September.

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