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http://hdl.handle.net/10419/21887
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| Title: | | Pair-wise cointegration in long-run growth models  |
| Authors: | | Bergheim, Stefan |
| Issue Date: | | 2007 |
| Series/Report no.: | | Research notes working paper series 24 |
| Abstract: | | This paper presents a novel theoretical and empirical approach to the analysis of long-run economic growth. It shows that most traditional theoretical models share the feature of pair-wise cointegration among the main variables. An augmented Kaldor model is proposed in contrast to the standard production function. The empirical analysis employs non- stationary panel techniques on two groups of countries to show that pair- wise cointegration exists among GDP, physical capital, human capital, and trade openness. |
| Document Type: | | Working Paper |
| Appears in Collections: | | Research Notes, Deutsche Bank Research
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