Estimates of the steady state growth rates for selected Asian countries with an extended Solow model

Rao, B. Bhaskara

doi:10.1016/j.econmod.2009.07.020

Cited by 47 publications

(31 citation statements)

References 23 publications

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“…For the purpose of modeling and analysis, we use an approach introduced by Sturm et al (1998) and Rao (2010) which are related to the augmented Solow (Solow 1956) framework. 4 The initial equation is defined as:…”

Section: Modelling Strategy 21 Frameworkmentioning

confidence: 99%

Exploring the link between research and economic growth: an empirical study of China and USA

2015

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In this paper, we explore the link between scientific and technical research and economic growth in China and USA over the sample period 1981-2012 using the extended Cobb-Douglas model with capital per worker and the quantity of scientific and technical journal articles (research publications) per worker. We examine the cointegration relationship and present the short-run and long-run results using the autoregressive distributed lag bounds procedure. Further, we examine the direction of causality between research publications per worker results and economic growth variables using the Toda and Yamamoto (J Econom 66(1-2):225-250, 1995) procedure. Our results indicate for both countries research publications per worker positively influence the output per worker both in the short-run and the long-run. The causality results for China indicate a bi-directional causality between research publications per worker and output per worker, duly emphasizing the mutually reinforcing effect. In case of USA, we note a unidirectional causation output per worker to research publications per worker indicating that output Granger cause research publications.

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Section: Modelling Strategy 21 Frameworkmentioning

confidence: 99%

Exploring the link between research and economic growth: an empirical study of China and USA

2015

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“…See Rao (2007) for details. If OT has an externality through LBD effects, which is important for the East Asian countries, A may be specified with the two LBD effects as:…”

Section: Specificationmentioning

confidence: 99%

What is the long run growth rate of the East Asian Tigers?

Rao

Tamazian

Singh

2010

Applied Economics Letters

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may AbstractNew panel data estimates for the four East Asian Tigers show that the contribution of total factor productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these countries will grow at this rate in the long run. JEL: O1, N1

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“…In empirical works this is done so far mainly for the developing countries (see for example Rao, 2010a;Vadlamannati, 2011a, 2011b). We showed that this can be also done for the developed countries.…”

Section: Discussionmentioning

confidence: 99%

Estimates of the steady state growth rates for some European countries

Casadio¹,

Paradiso

Rao

2012

Economic Modelling

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This paper estimates the steady state growth rates for the main European countries with an extended version of the Solow (1956) growth model. Total factor productivity is assumed a function of human capital, trade openness and investment ratio. We show that these factors, with some differences, have played an important role to improve the long run growth rates of Italy, Spain, France, UK, and Ireland. A few policies to improve the long-run growth rates for these countries are suggested.

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Estimates of the steady state growth rates for selected Asian countries with an extended Solow model

Cited by 47 publications

References 23 publications

Exploring the link between research and economic growth: an empirical study of China and USA

Exploring the link between research and economic growth: an empirical study of China and USA

What is the long run growth rate of the East Asian Tigers?

Estimates of the steady state growth rates for some European countries

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