The Desirability of Multi-equational Approaches for the Study of Economic Growth. An Empirical Evidence

Gregorio Jiménez and Jaime Sanaú
Authors registered in the RePEc Author Service: Gregorio Giménez

No 02/07, Working Papers from Instituto Universitario de Análisis Económico y Social

Abstract: This paper looks at the growth of a varied sample of countries during the period 1985-2000, focusing on three key variables: investment in physical capital, human capital and institutions. The analysis pays special attention to the process of the accumulation of these variables and their interrelationships. The results show that empirical research on growth should highlight the aspects of the accumulation and interrelationships of factors through the use of systems of equations such as that proposed in this study.

Keywords: Growth; human capital; investment; institutions; models of simultaneous equations (search for similar items in EconPapers)
Pages: 29 pages
Date: 2007-03
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Persistent link: https://EconPapers.repec.org/RePEc:uae:wpaper:0207

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