EconPapers    
Economics at your fingertips  
 

Modeling Economic Growth with Unpredictable Shocks: A State-Level Application for 1960-90

Stephan Goetz and Richard Ready

Journal of Agricultural and Applied Economics, 1995, vol. 27, issue 2, 400-408

Abstract: A Barro-type economic growth model is estimated for the 50 states in the U.S. using data for three decades beginning in 1960. Frontier estimation techniques are used to test for the presence of state-specific shocks to economic growth that are independent of the usual, normally-distributed random errors. We find that large, positive shocks to growth occurred during the period 1960-90. Our results indicate that the error term structure assumed under OLS may not be appropriate for modeling economic growth.

Date: 1995
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
Journal Article: MODELING ECONOMIC GROWTH WITH UNPREDICTABLE SHOCKS: A STATE-LEVEL APPLICATION FOR 1960-90 (1995) Downloads
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:cup:jagaec:v:27:y:1995:i:02:p:400-408_02

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().

 
Page updated 2025-03-23
Handle: RePEc:cup:jagaec:v:27:y:1995:i:02:p:400-408_02