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dc.contributor.authorSchiantarelli, Fabioen_US
dc.contributor.authorLeblebicioglu, Aslien_US
dc.contributor.authorBond, Steveen_US
dc.date.accessioned2009-01-28T16:13:56Z-
dc.date.available2009-01-28T16:13:56Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20414-
dc.description.abstractWe present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker, not only temporarily, but also in the steady state. These results are found using pooled annual data for a large panel of countries, using pooled data for non-overlapping five-year periods, or allowing for heterogeneity across countries in regression coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on growth rates is consistent with the main implication of certain endogenous growth models, such as the AK model.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1174en_US
dc.subject.jelC23en_US
dc.subject.jelE22en_US
dc.subject.jelO40en_US
dc.subject.ddc330en_US
dc.subject.keywordgrowthen_US
dc.subject.keywordcapital accumulationen_US
dc.subject.keywordinvestmenten_US
dc.subject.stwInvestitionen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleCapital Accumulation and Growth : A New Look at the Empirical Evidenceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn389180149en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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