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http://hdl.handle.net/10419/21887
  
Title:Pair-wise cointegration in long-run growth models PDF Logo
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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