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:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/7540
Acceso en línea:
http://hdl.handle.net/10784/7540
Palabra clave:
Economic growth
Solow model
Steady state
TFP growth
Convergence
Rights
License
restrictedAccess
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spelling 2013-032015-11-06T16:26:26Z2013-032015-11-06T16:26:26Z0165-1765http://hdl.handle.net/10784/754010.1016/j.econlet.2013.03.013I 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.engElsevierEconomics Letters. Vol.119(3), 2013, pp.340-343http://www.sciencedirect.com/science/article/pii/S0165176513001225http://www.sciencedirect.com/science/article/pii/S0165176513001225restrictedAccessCopyright © 2013 Elsevier B.V. All rights reserved.Acceso restringidohttp://purl.org/coar/access_right/c_16ecEconomics Letters. Vol.119(3), 2013, pp.340-343World total factor productivity growth and the steady-state rate in the 20th centuryarticleinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoObra publicadapublishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Economic growthSolow modelSteady stateTFP growthConvergenceEscuela de Economía y FinanzasEconomíaBreton, Theodore R.Departamento de Economía, Universidad EAFIT, ColombiaEstudios en Economía y EmpresaEconomics Letters1193340343ORIGINAL1-s2.0-S0165176513001225-main.pdf1-s2.0-S0165176513001225-main.pdfapplication/pdf278671https://repository.eafit.edu.co/bitstreams/13781db7-791d-4bf6-882f-060d479d865b/downloadb68bb8e2451e38f757017dc80074c281MD5110784/7540oai:repository.eafit.edu.co:10784/75402023-03-15 11:28:02.206open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
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.department.spa.fl_str_mv Escuela de Economía y Finanzas
Economía
dc.contributor.author.spa.fl_str_mv Breton, Theodore R.
dc.contributor.affiliation.spa.fl_str_mv Departamento de Economía, Universidad EAFIT, Colombia
dc.contributor.program.spa.fl_str_mv Estudios en Economía y Empresa
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
dc.date.available.none.fl_str_mv 2015-11-06T16:26:26Z
dc.date.accessioned.none.fl_str_mv 2015-11-06T16:26:26Z
dc.date.none.fl_str_mv 2013-03
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.local.spa.fl_str_mv Artículo
dc.type.hasVersion.spa.fl_str_mv Obra publicada
dc.type.hasVersion.eng.fl_str_mv publishedVersion
status_str publishedVersion
dc.identifier.issn.none.fl_str_mv 0165-1765
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/7540
dc.identifier.doi.none.fl_str_mv 10.1016/j.econlet.2013.03.013
identifier_str_mv 0165-1765
10.1016/j.econlet.2013.03.013
url http://hdl.handle.net/10784/7540
dc.language.iso.eng.fl_str_mv eng
language eng
dc.relation.ispartof.spa.fl_str_mv Economics Letters. Vol.119(3), 2013, pp.340-343
dc.relation.isversionof.none.fl_str_mv http://www.sciencedirect.com/science/article/pii/S0165176513001225
dc.relation.uri.none.fl_str_mv http://www.sciencedirect.com/science/article/pii/S0165176513001225
dc.rights.eng.fl_str_mv restrictedAccess
dc.rights.spa.fl_str_mv Copyright © 2013 Elsevier B.V. All rights reserved.
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.spa.fl_str_mv Acceso restringido
rights_invalid_str_mv restrictedAccess
Copyright © 2013 Elsevier B.V. All rights reserved.
Acceso restringido
http://purl.org/coar/access_right/c_16ec
dc.publisher.eng.fl_str_mv Elsevier
dc.source.spa.fl_str_mv Economics Letters. Vol.119(3), 2013, pp.340-343
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/13781db7-791d-4bf6-882f-060d479d865b/download
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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