Time Series Tests of the AK Model of Endogenous Growth

Jati K. Sengupta

Chapter 6 in Technology, Innovations and Growth, 2011, pp 144-173 from Palgrave Macmillan

Abstract: Abstract In the AK model of growth, a country’s output per capita grows linearly with investment as a percentage of GDP. The model predicts that changes in policies that affect the investment rate should in turn affect growth rates, given a fixed capital-output ratio and depreciation, allowing an endogenous form of growth. The theory thus requires fundamental similarity in the dynamics of economic growth and investment rates for an economy.

Keywords: Unit Root; Structural Break; Unit Root Test; Endogenous Growth; Augmented Dickey Fuller (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-29525-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230295254

DOI: 10.1057/9780230295254_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().