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Capital Spillovers and Growth Revisited: a long-run and dynamic structural analysis

Kam, Timothy; Wang, Yi-Chia


We extend the deterministic growth model of Glomm and Ravikumar (1994) to a stochastic endogenous growth model which nests both exogenous and endogenous growth factors. By introducing simple shocks to production technology, private capital and public capital investment, we can derive testable time series properties of the analytical model. We find evidence of co-integration between per capita output, per capita private capital and public capital. A nested test of the strictly endogenous growth...[Show more]

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
Source: The Economic Record
DOI: 10.1111/j.1475-4932.2008.00498.x


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