World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century
I estimate a Solow model augmented with human capital in 42 countries for 1910-2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.
- Autores:
-
Breton, Theodore R.
- Tipo de recurso:
- Fecha de publicación:
- 2013
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/2596
- Acceso en línea:
- http://hdl.handle.net/10784/2596
- Palabra clave:
- Economic Growth
Solow Model
Steady State
TFP Growth
Convergence
- Rights
- License
- Acceso abierto
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Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2014-06-13T21:23:10Z2013-03-022014-06-13T21:23:10Zhttp://hdl.handle.net/10784/2596O41O47I estimate a Solow model augmented with human capital in 42 countries for 1910-2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.spaUniversidad EAFITEscuela de Economía y FinanzasWorld Total Factor Productivity Growth and the Steady-State Rate in the 20th CenturyworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Economic GrowthSolow ModelSteady StateTFP GrowthConvergenceBreton, Theodore R.ted.breton@gmail.comLICENSElicense.txtlicense.txttext/plain; charset=utf-81145https://repository.eafit.edu.co/bitstreams/2dbdef94-616f-4442-80e8-8152359ee3a7/downloada4a15015cc3b57a4390e89906678ba6eMD52ORIGINAL2013_33_Theodore_Breton.pdf2013_33_Theodore_Breton.pdfapplication/pdf1235654https://repository.eafit.edu.co/bitstreams/643a1947-cd6c-4ee1-b6b1-71a692b313c0/downloadd2ac4a07b3eebf513bf323d8e5e627d6MD5310784/2596oai:repository.eafit.edu.co:10784/25962024-03-05 14:06:36.473open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.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 |
dc.title.eng.fl_str_mv |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
title |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
spellingShingle |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century Economic Growth Solow Model Steady State TFP Growth Convergence |
title_short |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
title_full |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
title_fullStr |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
title_full_unstemmed |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
title_sort |
World Total Factor Productivity Growth and the Steady-State Rate in the 20th Century |
dc.creator.fl_str_mv |
Breton, Theodore R. |
dc.contributor.author.none.fl_str_mv |
Breton, Theodore R. |
dc.subject.keyword.eng.fl_str_mv |
Economic Growth Solow Model Steady State TFP Growth Convergence |
topic |
Economic Growth Solow Model Steady State TFP Growth Convergence |
description |
I estimate a Solow model augmented with human capital in 42 countries for 1910-2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult. |
publishDate |
2013 |
dc.date.issued.none.fl_str_mv |
2013-03-02 |
dc.date.available.none.fl_str_mv |
2014-06-13T21:23:10Z |
dc.date.accessioned.none.fl_str_mv |
2014-06-13T21:23:10Z |
dc.type.eng.fl_str_mv |
workingPaper info:eu-repo/semantics/workingPaper |
dc.type.coarversion.fl_str_mv |
http://purl.org/coar/version/c_b1a7d7d4d402bcce |
dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_8042 |
dc.type.local.spa.fl_str_mv |
Documento de trabajo de investigación |
dc.type.hasVersion.eng.fl_str_mv |
draft |
dc.identifier.uri.none.fl_str_mv |
http://hdl.handle.net/10784/2596 |
dc.identifier.jel.none.fl_str_mv |
O41 O47 |
url |
http://hdl.handle.net/10784/2596 |
identifier_str_mv |
O41 O47 |
dc.language.iso.eng.fl_str_mv |
spa |
language |
spa |
dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
dc.rights.local.spa.fl_str_mv |
Acceso abierto |
rights_invalid_str_mv |
Acceso abierto http://purl.org/coar/access_right/c_abf2 |
dc.coverage.spatial.eng.fl_str_mv |
Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees |
dc.publisher.spa.fl_str_mv |
Universidad EAFIT |
dc.publisher.department.spa.fl_str_mv |
Escuela de Economía y Finanzas |
institution |
Universidad EAFIT |
bitstream.url.fl_str_mv |
https://repository.eafit.edu.co/bitstreams/2dbdef94-616f-4442-80e8-8152359ee3a7/download https://repository.eafit.edu.co/bitstreams/643a1947-cd6c-4ee1-b6b1-71a692b313c0/download |
bitstream.checksum.fl_str_mv |
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bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 |
repository.name.fl_str_mv |
Repositorio Institucional Universidad EAFIT |
repository.mail.fl_str_mv |
repositorio@eafit.edu.co |
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1814110663717421056 |