Testing the Uzawa–Lucas model with OECD data

Research in Economics - Tập 68 - Trang 144-156 - 2014
Jochen Hartwig1
1Swiss Economic Institute at ETH Zurich (KOF ETH), Weinbergstrasse 35, 8092 Zurich, Switzerland

Tài liệu tham khảo

Aghion, 1992, A model of growth through creative destruction, Econometrica, 60, 323, 10.2307/2951599 Aghion, 1998 Arnold, 2011, Solow or Lucas? Testing speed of convergence on a panel of OECD countries, Res. Econ., 65, 110, 10.1016/j.rie.2010.11.005 Arellano, 1991, Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Rev. Econ. Stud., 58, 277, 10.2307/2297968 Arellano, 1995, Another look at the instrumental variables estimation of error-components models, J. Econom., 68, 29, 10.1016/0304-4076(94)01642-D Attanasio, 2000, Saving, growth, and investment: a macroeconomic analysis using a panel of countries, Rev. Econ. Stat., 82, 182, 10.1162/003465300558731 Atukeren, 2007, A causal analysis of the R&D interactions between the EU and the US, B. E. Glob. Econ. J., 7, 1 Barro, 1991, Economic growth in a cross section of countries, Q. J. Econ., 106, 407, 10.2307/2937943 Barro, R.J., J.-W., Lee, 2010. A new data set of educational attainment in the world, 1950–2010. NBER Working Paper No. 15902. Cambridge, MA. Bassanini, 2002, Does human capital matter for growth in OECD countries? A pooled mean-group approach, Econ. Lett., 74, 399, 10.1016/S0165-1765(01)00569-9 Baumol, 1967, Macroeconomics of unbalanced growth: the anatomy of urban crisis, Am. Econ. Rev., 57, 415 Benhabib, 1994, The role of human capital in economic development: evidence from aggregate cross-country data, J. Monet. Econ., 34, 143, 10.1016/0304-3932(94)90047-7 Bernanke, 2001, Is growth exogenous? Taking Mankiw, Romer, and Weil seriously, NBER Macroecon. Annu., 16, 11, 10.1162/088933601320224829 Bils, 2000, Does schooling cause growth?, Am. Econ. Rev., 90, 1160, 10.1257/aer.90.5.1160 Bleaney, 2001, Testing the endogenous growth model: public expenditure, taxation, and growth over the long run, Can. J. Econ., 34, 36, 10.1111/0008-4085.00061 Blomstrom, 1996, Is fixed investment the key to economic growth?, Q. J. Econ., 111, 269, 10.2307/2946665 Blundell, 1998, Initial conditions and moment restrictions in dynamic panel data models, J. Econ., 87, 115, 10.1016/S0304-4076(98)00009-8 Bond, S., A., Leblebicioglu, F., Schiantarelli, 2004. Capital accumulation and growth: a new look at the empirical evidence. Nuffield College Working Paper No. 2004-W8. Oxford. Cannon, 2000, Economies of scale and constant returns to capital: a neglected early contribution to the theory of economic growth, Am. Econ. Rev., 90, 292, 10.1257/aer.90.1.292 Carroll, 1994, Savings and growth: a reinterpretation, Carnegie-Rochester Conf. Ser. Public Policy, 40, 133, 10.1016/0167-2231(94)90006-X Caselli, 1996, Reopening the convergence debate: a new look at cross-country growth empirics, J. Econ. Growth, 1, 363, 10.1007/BF00141044 Cashin, 1995, Government spending, taxes and economic growth, IMF Staff Papers, 42, 237, 10.2307/3867572 Cohen, 2007, Growth and human capital: good data, good results, J. Econ. Growth, 12, 51, 10.1007/s10887-007-9011-5 De la Fuente, 2006, Human capital in growth regressions: how much difference does data quality make?, J. Eur. Econ. Assoc., 4, 1, 10.1162/jeea.2006.4.1.1 Devarajan, 1996, The composition of public expenditure and economic growth, J. Monet. Econ., 37, 313, 10.1016/S0304-3932(96)90039-2 Dinopoulos, 2000, Endogenous growth in a cross-section of countries, J. Int. Econ., 51, 335, 10.1016/S0022-1996(99)00015-X Durlauf, 2005, Growth econometrics, Vol. 1A Evans, 1996, Using cross-country variances to evaluate growth theories, J. Econ. Dyn. Control, 20, 1027, 10.1016/0165-1889(95)00888-8 Evans, 1998, Using panel data to evaluate growth theories, Int. Econ. Rev., 39, 295, 10.2307/2527294 Feenstra, 1999, Testing endogenous growth in South Korea and Taiwan, J. Dev. Econ., 60, 317, 10.1016/S0304-3878(99)00054-1 Frankel, 1962, The production function in allocation and growth: a synthesis, Am. Econ. Rev., 52, 995 Gong, 2004, The Uzawa–Lucas model without scale effects: theory and empirical evidence, Struct. Change Econ. Dyn., 15, 401, 10.1016/j.strueco.2003.10.002 Granger, 1969, Investigating causal relations by econometric models and cross-spectral methods, Econometrica, 37, 424, 10.2307/1912791 Grier, 1989, An empirical analysis of cross-national economic growth, 1951−80, J. Monet. Econ., 24, 259, 10.1016/0304-3932(89)90006-8 Grossman, 1991 Grossman, 1994, Endogenous innovation in the theory of growth, J. Econ. Perspect., 8, 23, 10.1257/jep.8.1.23 Heshmati, A., 2001. On the causality between GDP and health care expenditure in augmented Solow growth model. Stockholm School of Economics. Working Paper in Economics and Finance. No. 423, Stockholm. Hsiao, 1986 Islam, 1995, Growth empirics: a panel data approach, Q. J. Econ., 110, 1127, 10.2307/2946651 Jones, 1995, Time series tests of endogenous growth models, Q. J. Econ., 110, 495, 10.2307/2118448 Klenow, 1997, Economic growth: a review essay, J. Monet. Econ., 40, 597, 10.1016/S0304-3932(97)00050-0 Kneller, 1999, Fiscal policy and growth: evidence from OECD countries, J. Public Econ., 74, 171, 10.1016/S0047-2727(99)00022-5 Kocherlakota, 1995, Can convergence regressions distinguish between exogenous and endogenous growth models?, Econ. Lett., 49, 211, 10.1016/0165-1765(95)00671-2 Kocherlakota, 1996, A simple time series test of endogenous vs. exogenous growth models: an application to the United States, Rev. Econ. Stat., 78, 126, 10.2307/2109852 Kocherlakota, 1997, Is there endogenous long-run growth? Evidence from the United States and the United Kingdom, J. Money, Credit Bank., 29, 235, 10.2307/2953677 Krueger, 2001, Education for growth: why and for whom?, J. Econ. Lit., 34, 1101, 10.1257/jel.39.4.1101 Li, 2002, Is the AK model still alive? The long-run relation between growth and investment re-examined, Can. J. Econ., 35, 92, 10.1111/1540-5982.00122 Lucas, 1988, On the mechanics of economic development, J. Monet. Econ., 22, 3, 10.1016/0304-3932(88)90168-7 Mankiw, 1992, A contribution to the empirics of economic growth, Q. J. Econ., 107, 407, 10.2307/2118477 Mendoza, 1997, On the effectiveness of tax policy in altering long-run growth: Harberger′s superneutrality conjecture, J. Public Econ., 66, 99, 10.1016/S0047-2727(97)00011-X Miyakoshi, 2004, The causes of the long stagnation in Japan, Appl. Financ. Econ., 14, 113, 10.1080/0960310042000176380 OECD, 2008. Education at a Glance 2008: OECD indicators, Organisation for Economic Cooperation and Development, Paris. Podrecca, 2001, Fixed investment and economic growth: new results on causality, Appl. Econ., 33, 177, 10.1080/00036840122890 Pritchett, 2001, Where has all the education gone?, World Bank Econ. Rev., 15, 367, 10.1093/wber/15.3.367 Rivera, 2004, Public health capital and productivity in the Spanish regions: a dynamic panel data model, World Dev., 32, 871, 10.1016/j.worlddev.2003.11.006 Roodman, 2009, How to do xtabond2: an introduction to difference and system GMM in Stata, Stata J., 9, 86, 10.1177/1536867X0900900106 Roodman, 2009, A note on the theme of too many instruments, Oxf. Bull. Econ. Stat., 71, 135, 10.1111/j.1468-0084.2008.00542.x Romer, 1986, Increasing returns and long-run growth, J. Polit. Econ., 94, 1002, 10.1086/261420 Romer, 1990, Endogenous technological change, J. Polit. Econ., 98, S71, 10.1086/261725 Solow, 1956, A contribution to the theory of economic growth, Q. J. Econ., 70, 65, 10.2307/1884513 Solow, 1957, Technical change and the aggregate production function, Rev. Econ. Stat., 39, 312, 10.2307/1926047 Soto, M., 2009. System GMM estimation with a small sample. Barcelona Economics Working Paper Series. No. 395, Barcelona. Temple, 1999, The new growth evidence, J. Econ. Lit., 37, 112, 10.1257/jel.37.1.112 Uzawa, 1965, Optimum technical change in an aggregative model of economic growth, Int. Econ. Rev., 6, 18, 10.2307/2525621 Vanhoudt, 1998, A fallacy in causality research on growth and capital accumulation, Econ. Lett., 60, 77, 10.1016/S0165-1765(98)00075-5 Windmeijer, 2005, A finite sample correction for the variance of linear two-step GMM estimators, J. Econom., 126, 25, 10.1016/j.jeconom.2004.02.005