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The New Empirics of Economic Growth

  • Steven N. Durlauf
  • Danny T. Quah

We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis. Instead, attention shifts more directly to questions like, Why do some countries grow faster than others? It is this changed focus that, in our view, has motivated going beyond the neoclassical growth model.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6422.

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Date of creation: Feb 1998
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Publication status: published as Durlauf, Steven N. & Quah, Danny T., 1999. "The new empirics of economic growth," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 4, pages 235-308 Elsevier.
Handle: RePEc:nbr:nberwo:6422
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