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Title:Stylised facts of economic growth in developing countries PDF Logo
Authors:Steger, Thomas M.
Issue Date:2001
Series/Report no.:Wirtschaftswissenschaftliche Diskussionspapiere // Ernst-Moritz-Arndt-Universität Greifswald, Rechts- und Staatswissenschaftliche Fakultät 08/2001
Abstract:This paper offers a concise survey on the literature of growth empirics applying to DCs. It is argued that there is a number of important stylised facts of economic growth relevant to DCs which are not included in the corresponding lists of Kaldor and Romer. In contrary to the usual procedure, the growth rates of per capita income are calculated by employing potential output, which is determined by the use of the Hodrick-Prescott-filter. Finally, three important conclusions resulting from the empirical observations are discussed in the last section.
Subjects:Stylised Facts
Economic Growth
Developing Countries
Growth Empirics
JEL:O10
O40
O47
Document Type:Working Paper
Appears in Collections:Wirtschaftswissenschaftliche Diskussionspapiere, Universität Greifswald

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