Estimates of the steady state growth rates for some European countries

Paolo Casadio, Antonio Paradiso () and B. Rao

Economic Modelling, 2012, vol. 29, issue 4, 1119-1125

Abstract: This paper estimates the steady state growth rates for the main European countries with an extended version of the Solow (1956) growth model. Total factor productivity is assumed a function of human capital, trade openness and investment ratio. We show that these factors, with some differences, have played an important role to improve the long run growth rates of Italy, Spain, France, UK, and Ireland. A few policies to improve the long-run growth rates for these countries are suggested.

Keywords: Extended Solow growth model; Trade openness; Human capital; Investment ratio; Steady state growth rate; European countries (search for similar items in EconPapers)
JEL-codes: C22 O40 O52 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:4:p:1119-1125

DOI: 10.1016/j.econmod.2012.03.018

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