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Augmented Solow model

Updated May 2006

Introductory reading

Mankiw, N. G. (1995). The growth of nations. Brookings Papers on Economic Activity, 275-310.

Mankiw, N. G., Romer, D. and Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 407-437.

Romer, D. (2001). Advanced macroeconomics. (2nd edition) McGraw-Hill, Boston, Mass.

Key references

New! Bernanke, Ben S. and Gurkaynak, Refet S. (2001). Is growth exogenous? Taking Mankiw, Romer and Weil seriously. NBER working paper no. 8365.

Caselli, F., Esquivel, G. and Lefort, F. (1996). Reopening the convergence debate: a new look at cross-country growth empirics. Journal of Economic Growth, September, 1(3), 363-90.

Cho, D. and Graham, S. (1996). The other side of conditional convergence. Economics Letters, 50, 285-290.

Durlauf, S. N. and Johnson, P. A. (1995). Multiple regimes and cross-country growth behaviour. Journal of Applied Econometrics, 10, 365-384.

Hamilton, J. D. and Monteagudo, J. (1998). The augmented Solow model and the productivity slowdown. Journal of Monetary Economics, December, 42(3), 495-509.

New! Howitt, Peter (2000). Endogenous growth and cross-country income differences. American Economic Review, September, 90(4), 829-846.

Islam, N. (1995). Growth empirics: a panel data approach. Quarterly Journal of Economics, 1127-1170.

Klenow, Peter J. and Rodriguez-Clare, Andres (1997). The neoclassical revival in growth economics: has it gone too far? NBER Macroeconomics Annual, 73-103.

Lee, K., Pesaran, M. H. and Smith, R. (1997). Growth and convergence in a multi-country empirical stochastic Solow model.
Journal of Applied Econometrics, 12, 357-392.

Dowrick, Steve and Rogers, Mark (2001). Classical and technological convergence: beyond the Solow-Swan growth model. Manuscript, Australian National University, March.

Further reading

Ben-David, Dan and Loewy, Michael (1998). Free trade, growth and convergence. Journal of Economic Growth, 3, 143-170.

Brumm, H. J. (1996). The human capital augmented Solow model revisited. Applied Economics Letters, 3(11), 711-714.

Dinopoulos, E. and Thompson, P. (1999). Reassessing the empirical validity of the human-capital augmented neoclassical growth model. Journal of Evolutionary Economics, January, 9(1), 135-154.

Durlauf, Steven N. ; Kourtellos, Andros and Minkin, Arthur (2001). The Local Solow Growth Model. European Economic Review, May, 45(4-6), 928-40.

Fingleton, B. and McCombie, J. (1995). Regional economic growth: some evidence for manufacturing from the EU regions. University of Cambridge, Department of Land Economy, working paper no. 53.

Fingleton, B. (1995). Estimating the convergence time of the European Union. University of Cambridge, Department of Land Economy, working paper no. 54.

Greasley, D. and Oxley, L. (1996). Explaining the United States’ industrial growth, 1860-1991: endogenous versus exogenous models. Bulletin of Economic Research, 48, 65-82.

Kim, Ji Uk (2003). Economic Growth and Returns to Scale for Reproducible Factors. Applied Economics Letters, November, 10(14), 925-28.

Knight, M., Loayza, N. and Villanueva, D. (1993). Testing the neoclassical theory of economic growth. IMF Staff Papers, 40, 512-541.

Knowles, S. and Owen, P. D. (1995). Health capital and cross-country variation in income per capita in the Mankiw-Romer-Weil model. Economics Letters, 48, 99-106.

Knowles, S. and Owen, P. D. (1997). Education and health in an effective-labour empirical growth model. Economic Record, 73, December, 314-328.

Lichtenberg, F. R. (1992). R & D investment and international productivity differences. NBER working paper no. 4161.

Lucke, Bernd and Lutkepohl, Helmut (2004). On Unit Root Tests in the Presence of Transitional Growth. Economics Letters, September, 84(3), 323-27.

McDonald, Scott and Roberts, Jennifer (2002). Growth and Multiple Forms of Human Capital in an Augmented Solow Model: A Panel Data Investigation. Economics Letters, January, 74(2), 271-76.

Murthy, N. R. Vasudeva and Chien, I. S. (1997). The empirics of economic growth for OECD countries: some new findings. Economics Letters, 55, 425-429.

Nonneman, W. and Vanhoudt, P. (1996). A further augmentation of the Solow model and the empirics of economic growth for OECD countries. Quarterly Journal of Economics, 943-953.

Pugno, M. (1995). On competing theories of economic growth: cross-country evidence. International Review of Applied Economics, 9(3), 249-274.

Pugno, M. (1996). Structural stability in a cross-country neoclassical growth model. Applied Economics, 28, 1555-1566.

Temple, Jonathan R. W. (1998). Robustness tests of the augmented Solow model Journal of Applied Econometrics, July-August, 13(4), 361-375.

Vanhoudt, Patrick (1998). A fallacy in causality research on growth and capital accumulation. Economics Letters, 60(1), July, 77-81.

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