The Relevance of Productive Experience in the Process of Economic Growth: an Empirical Study

Diana Vieira

No 14, GEE Papers from Gabinete de Estratégia e Estudos, Ministério da Economia

Abstract: The purpose of this study is to analyse the effects of productive experience in the process of economic growth. To do this, we estimate an augmented version of the Solow growth model where we include a measure called centrality among the set of usual explanatory variables. This variable summarizes the overall usefulness of a country’s productive experience and it is computed as in Freitas and Salvado (2009), following Hausmann and Klinger (2007). In general, we failed to find a robust relationship between centrality and subsequent growth. This result casts doubts on the usefulness of the centrality measure in the prediction of economic growth.

Keywords: Economic Growth; Productive Experience; Structural Transformation. (search for similar items in EconPapers)
JEL-codes: C23 F43 O14 O47 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2009-03, Revised 2009-03
New Economics Papers: this item is included in nep-fdg
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.gee.gov.pt/RePEc/WorkingPapers/GEE_PAPERS_14.pdf First version, 2009 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mde:wpaper:0014

Access Statistics for this paper

More papers in GEE Papers from Gabinete de Estratégia e Estudos, Ministério da Economia Contact information at EDIRC.
Bibliographic data for series maintained by Joana Almodovar ().