Growth and Productivity: A Model of Cumulative Growth and Catching Up
Individually, neither the cumulative growth approach of the post-Keynesian tradition nor the catching-up theory of neoclassical derivation are able to account for the chief stylized facts of comparative economic growth. A pooled, cross-section, econometric model that integrates these two approaches is developed and tested by the authors over the period 1950-88 for a group of nine OECD countries, for a group of nine Latin American countries and for a group of seven East Asian countries. Purchasing power parities for 1985 are employed to measure productivity levels. The growth record of the OECD countries is satisfactorily assessed by the model. The catching-up effect is found to be relevant in explaining productivity growth in the OECD area and in East Asia, but not in Latin America. This differential outcome finds explanation in terms of the relative strength of dynamic increasing returns. Copyright 1997 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 21 (1997)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: http://www.cje.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:21:y:1997:i:1:p:27-43. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.