Arbeitspapier
A panel granger-causality test of endogenous vs. exogenous growth
The paper proposes a new test of endogenous vs. exogenous growth theories based on the Granger-causality methodology and applies it to a panel of 20 OECD countries. The test yields divergent evidence with respect to physical and human capital. For physical capital, the test results favor Solow-type exogenous growth theory over AK-type endogenous growth models. On the other hand, the test results lend support to human capital oriented endogenous growth models - like the Uzawa-Lucas model - rather than to the human capital augmented Solow model.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 231
- Klassifikation
-
Wirtschaft
Hypothesis Testing: General
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
One, Two, and Multisector Growth Models
- Thema
-
Exogenous growth
endogenous growth
panel Granger-causality tests
Neue Wachstumstheorie
Solow-Modell
Panel
Kausalanalyse
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hartwig, Jochen
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, KOF Swiss Economic Institute
- (wo)
-
Zurich
- (wann)
-
2009
- DOI
-
doi:10.3929/ethz-a-005861211
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hartwig, Jochen
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2009
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