Knight, Malcolm D.
Testing the Neoclassical Theory of Economic Growth A Panel Data Approach / Malcolm D Knight. [electronic resource] : Malcolm D Knight. - Washington, D.C. : International Monetary Fund, 1992. - 1 online resource (38 p.) - IMF Working Papers; Working Paper ; No. 92/106 . - IMF Working Papers; Working Paper ; No. 92/106 .
Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical results provide support for the view that these factors exert a positive and significant influence on economic growth. They also provide estimates of the speed at which the gap in real per capita income between rich and poor countries is likely to be reduced over the longer term.
1451947054 : 15.00 USD
1018-5941
10.5089/9781451947052.001 doi
Economic Growth
Growth Rate
International Trade
Per Capita Income
Real GDP
Botswana
Cameroon
Central African Republic
Dominican Republic
Mauritania
Testing the Neoclassical Theory of Economic Growth A Panel Data Approach / Malcolm D Knight. [electronic resource] : Malcolm D Knight. - Washington, D.C. : International Monetary Fund, 1992. - 1 online resource (38 p.) - IMF Working Papers; Working Paper ; No. 92/106 . - IMF Working Papers; Working Paper ; No. 92/106 .
Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical results provide support for the view that these factors exert a positive and significant influence on economic growth. They also provide estimates of the speed at which the gap in real per capita income between rich and poor countries is likely to be reduced over the longer term.
1451947054 : 15.00 USD
1018-5941
10.5089/9781451947052.001 doi
Economic Growth
Growth Rate
International Trade
Per Capita Income
Real GDP
Botswana
Cameroon
Central African Republic
Dominican Republic
Mauritania