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Classical and Technological Convergence: beyond the Solow-Swan growth model

Dowrick, Stephen; Rogers, Mark


Recent investigations into cross-country convergence follow Mankiw, Romer, and Weil (1992) in using a log-linear approximation to the Swan-Solow growth model to specify regressions. These studies tend to assume a common and exogenous technology. In contrast, the technology catch-up literature endogenises the growth of technology. The use of capital stock data renders the approximations and over-identification of the Mankiw model unnecessary and enables us, using dynamic panel estimation, to...[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Journal article
Source: Oxford Economic Papers


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