The Empirics of the Solow Growth Model: Long-Term Evidence

Milton Barossi-Filho, Ricardo Gonçalves Silva () and Eliezer Martins Diniz
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Milton Barossi-Filho: Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto
Eliezer Martins Diniz: Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto

GE, Growth, Math methods from EconWPA

Abstract: The purpose of this paper is to reassess the standard Solow growth model,using a dynamic panel data approach. A new methodology is chosen to deal with this problem. First, unit root tests for individual country time series were run. Second, panel data unit root and cointegration tests were performed. Finally, the panel cointegration dynamics is estimated by DOLS method. The resulting evidence supports roughly one- third capital share in income.

Keywords: Economic growth; panel data; unit root; cointegration and convergence (search for similar items in EconPapers)
JEL-codes: O47 O50 O57 C33 C52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev
Date: 2004-06-16, Revised 2005-10-08
Note: Type of Document - pdf; pages: 24
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http://129.3.20.41/eps/ge/papers/0406/0406001.pdf (application/pdf)

Related works:
Journal Article: The empirics of the Solow growth model: Long-term evidence (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:0406001

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