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Le résidu de Solow de l’économie tunisienne: chocs technologiques ou taux d’utilisation des capacités de production ?

The Solow residue for Tunisia: technology shocks or factor utilization?

Mohamed Mabrouki ()

MPRA Paper from University Library of Munich, Germany

Abstract: Solow's decomposition shows the contribution of capital and labor to growth and shows the residue which is the part unexplained by these two factors. This work consists in studying empirically the exogeneity of Solow residual for Tunisia. However, Solow's residual measurement depends on a few assumptions (perfect competition, constant returns to scale and full utilization of productive capacity). If one of these assumptions is not met, the Solow residual will be a poor measure of technologiy shock. Is the Solow residual exogenous? This question summarizes all of the following questions: Is the Solow residual correctly measuring the effect of technologiy shocks? Is this residue affected by demand shocks? May have influenced the Solow residue by fiscal and monetary policies? The study of these problems makes it possible to explain the different factors of growth.

Keywords: Solow residual; Growth; Shocks; exogeneity; VAR; Causality; capacity utilization; Cointegration. (search for similar items in EconPapers)
JEL-codes: C13 O47 (search for similar items in EconPapers)
Date: 2002-05
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