EconPapers    
Economics at your fingertips  
 

Capital accumulation and growth: a new look at the empirical evidence

Stephen Bond, Asli Leblebicioglu () and Fabio Schiantarelli ()

Journal of Applied Econometrics, 2010, vol. 25, issue 7, 1073-1099

Abstract: Using annual data for 75 countries in the period 1960–2000, we present evidence of a positive relationship between investment as a share of gross domestic product (GDP) and the long-run growth rate of GDP per worker. This result is robust for our full sample and for the subsample of non‐OECD countries, but not for the subsample of OECD countries. Our analysis controls for time‐invariant country‐specific heterogeneity in growth rates, and for a range of time‐varying control variables. We also address endogeneity issues, and allow for heterogeneity across countries in model parameters and for cross‐section dependence. Copyright (C) 2010 John Wiley & Sons, Ltd.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (87) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1002/jae.1163

Related works:
Working Paper: Capital Accumulation and Growth: A New Look at the Empirical Evidence (2007) Downloads
Working Paper: Capital Accumulation and Growth: A New Look at the Empirical Evidence (2004) Downloads
Working Paper: Capital Accumulation and Growth: A New Look at the Empirical Evidence (2004) 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:jae:japmet:v:25:y:2010:i:7:p:1073-1099

Ordering information: This journal article can be ordered from
http://www3.intersci ... e.jsp?issn=0883-7252

Access Statistics for this article

Journal of Applied Econometrics is currently edited by M. Hashem Pesaran

More articles in Journal of Applied Econometrics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2019-10-01
Handle: RePEc:jae:japmet:v:25:y:2010:i:7:p:1073-1099