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A note on the empirics of the neoclassical growth model

Giovanni Caggiano and Leone Leonida

Working Papers from Business School - Economics, University of Glasgow

Abstract: This paper shows that the widely used log-linearization of the neoclassical model of growth implies a relevant loss in terms of the ability of the model in replicating the patterns of convergence of an economy to its equilibrium level.

JEL-codes: C22 N10 O40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (2)

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Journal Article: A note on the empirics of the neoclassical growth model (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:gla:glaewp:2006_2

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