Time-series econometrics of growth-models: a guide for applied economists
This article examines the use of specifications based on the endogenous and exogenous growth-models for country-specific growth policies. It is suggested that time-series models based on the Solow (1956) exogenous growth-model are useful and they can also be extended to capture the permanent growth-effects of some variables. Our empirical results, with data from Fiji, show that trade openness and human capital have significant and permanent growth-effects. However, these growth-effects are small and eventually converge over time.
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Document Type: Research Article
Affiliations: School of Economics, University of the South Pacific, Suva, Fiji
Publication date: 2010-01-01