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The Relevance of Productive Experience in the Process of Economic Growth: an Empirical Study

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  • Diana Vieira

    () (GEE)

Abstract

The purpose of this study is to analyse the effects of productive experience in the process of economic growth. To do this, we estimate an augmented version of the Solow growth model where we include a measure called centrality among the set of usual explanatory variables. This variable summarizes the overall usefulness of a country’s productive experience and it is computed as in Freitas and Salvado (2009), following Hausmann and Klinger (2007). In general, we failed to find a robust relationship between centrality and subsequent growth. This result casts doubts on the usefulness of the centrality measure in the prediction of economic growth.

Suggested Citation

  • Diana Vieira, 2009. "The Relevance of Productive Experience in the Process of Economic Growth: an Empirical Study," GEE Papers 0014, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Mar 2009.
  • Handle: RePEc:mde:wpaper:0014
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    File URL: http://www.gee.gov.pt/RePEc/WorkingPapers/DV.pdf
    File Function: First version, 2009
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    More about this item

    Keywords

    Economic Growth; Productive Experience; Structural Transformation.;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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