Estimación empírica del modelo ampliado de Solow-Swan y la hipótesis de convergencia condicional, 1985-2011
Abstract
The objective of the paper is to analyze the determinants of economic growth in non-oil producing countries and OECD countries considering the model proposed by Mankiw-Romer-Weil (MRW) as the method of analysis. The sample of the study covered the period 1985-2011, the technique used is cross-sectional model. It shows that an augmented Solow-Swan model that includes accumulation of human capital and physical capital provides an accurated description of the cross-country data. The evidence indicates that, holding population growth and capital accumulation constant, only OECD countries converge at about the rate the MRW model predicts.
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