Time Series Econometrics of Growth Models: A Guide for Applied Economists

B. Rao

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines the use of specifications based on the endogenous and exogenous growth models for country specific growth policies. It is suggested that time series models based on the Solow (1956) exogenous growth model are useful and they can also be extended to capture the permanent growth effects some variables. Our empirical results, with data from Fiji, show that trade openness and human capital have significant and permanent growth effects. However, these growth effects are small and eventually converge over time.

Keywords: Endogenous and exogenous growth models; human capital; trade openness; permanent growth effects (search for similar items in EconPapers)
JEL-codes: C00 C22 O49 (search for similar items in EconPapers)
Date: 2006-12-01
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https://mpra.ub.uni-muenchen.de/3372/1/MPRA_paper_3372.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:1547

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