Capital, innovation, and growth accounting

Aghion, Philippe; Howitt, Peter

doi:10.1093/oxrep/grm007

Cited by 91 publications

(45 citation statements)

References 13 publications

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“…(), Herrerias and Orts () and Romero‐Ávila (, ) all provide evidence of a statistically robust link from the fixed investment rate (or the growth rate of capital) to long‐run growth. These results are broadly consistent with AK‐style endogenous growth models (Romer, ) and Aghion and Howitt's () augmented Schumpeterian model. Using non‐parametric, production‐frontier methods, Kumar and Russell () and Henderson and Russell () find that labour productivity growth is primarily driven by physical and human capital accumulation.…”

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confidence: 87%

The Complementary Nature Between Technological Progress and Capital Accumulation in India's Long‐Run Growth Transitions

Nell

2015

Metroeconomica

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This article develops a multiple‐regime, learning‐by‐doing model, in which technological progress and capital accumulation are complementary factors in long‐run growth transitions. The model accurately predicts India's long‐run growth transitions over the period 1953–2007, with the first phase (1980–2002) being ‘technology’ driven and the second phase (2003–2007) capital accumulation driven. Given the complementary nature between technological progress and capital accumulation, one of the main challenges facing Indian policy makers in the aftermath of the 2008 global financial crisis is to maintain high saving/fixed investment rates. The analysis also provides a critique of the ‘total factor productivity view’ of India's growth performance.

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confidence: 87%

The Complementary Nature Between Technological Progress and Capital Accumulation in India's Long‐Run Growth Transitions

Nell

2015

Metroeconomica

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“…However, detailed data on different public capital are difficult to gather in a way that the data are homogenous. It would also be useful to bring to bear how research and development expenditure affects growth in transition countries, again an issue of data availability, following the theory, for example, of Aghion and Howitt (2007). And this may prove a better alternative, for example, to the investment‐to‐output ratio.…”

Section: Discussionmentioning

confidence: 99%

The effect of inflation on growth

Gillman

Harris

2010

Economics of Transition

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This study was carricd out on 160 Hubbard broiler chicks of onlyone day old. The animals were divided into four groups, and the experiment was terminated by the end of the eight weeks. The main purpose of the study \vas to see the difference in the effects of the milled alfalfa flour and the methanol extracted then millet alfalfa flour on the gro\Vth of chicken. The firsth group was the control and received a diet composed of 5% fish meal, 3 % meat, and bone meal and plant proteins with water and minerals making up the rest. The second group was fed a diet that contained only plant proteins, the third group received 3 % unextracted alfalfa flour mixed in the plant proteins, and the fourth group of animals were fed on a diet containing 3 % ofmethano! extracted alfalfa meal mixed in plant proteins to serve as the test group. The control group that received animal protein sho\Ved a statistically important (P< 0.05) difference for the body wcight gain when compared with the first test group that received only plant proteins, by the and of the eight weeks. The addition of eithcr natural or mcthanol extracted alfalfa meal into the plant protein diet increased the live body weight gain up to the level of animal protein receiving group, although there was a smail differenee for the animal protcins. No statistically important difference was noted bet\Veen the groups fed the extracted or unextraeted alfalfa meals. There \Vas no STATISTICALLY important difference in the rate of food consumption and feed efficiency between the groups. This experiment proved the 3 % of alfalfa meal supplamantation was effeetive on the growth rate of chicks as was the addition offish meal. The methanol extraction did not alter the positive activity of the planL Özet: Tabii yonca unu ilc metanal ekstraksiyonuna tabi tutulmuş yonca ununun civ-civlerin büyümesi üzerine etkilerini araştırmak amacı ile yapılan bu çalışmada 160 adet Hubbard brayler tipi civciv kullanılmış ve denemeye 4 grupla 8 hafta devam edilmiştir.

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“…The key criticism is that an accounting relationship is not a causal relationship. ‘Even though there is evidence that somewhere between 30% and 70% of the growth of output per worker in OECD countries can be ‘‘accounted for’’ by capital accumulation’, …‘it might still be that all of the growth is caused by technological progress’ (Aghion and Howitt, 2007).…”

Section: Introductionmentioning

confidence: 99%

Foreign Direct Investment and Total Factor Productivity in China: A Spatial Dynamic Panel Analysis*

Hong¹,

Sun²

2011

Oxf Bull Econ Stat

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This study develops a spatial dynamic model to assess the total-factor-productivity (TFP) effects of externalities generated by foreign direct investment (FDI). The model is capable of disentangling TFP effects from capital accumulation effects and introducing spatial interdependence based on theoretical derivation rather than spatial statistical tests. An application of this model to a panel dataset of China at the provincial level over 1980-2005 shows significantly positive impact of FDI externalities on TFP within and across regions. This finding is robust to a range of empirical specifications of our theoretical model, to different estimators, and to alternative proxies of FDI intensity variable.

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Capital, innovation, and growth accounting

Cited by 91 publications

References 13 publications

The Complementary Nature Between Technological Progress and Capital Accumulation in India's Long‐Run Growth Transitions

The Complementary Nature Between Technological Progress and Capital Accumulation in India's Long‐Run Growth Transitions

The effect of inflation on growth

Foreign Direct Investment and Total Factor Productivity in China: A Spatial Dynamic Panel Analysis*

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