Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/50437
Authors: 
Hartwig, Jochen
Year of Publication: 
2009
Series/Report no.: 
KOF working papers // KOF Swiss Economic Institute, ETH Zurich 231
Abstract: 
The paper proposes a new test of endogenous vs. exogenous growth theories based on the Granger-causality methodology and applies it to a panel of 20 OECD countries. The test yields divergent evidence with respect to physical and human capital. For physical capital, the test results favor Solow-type exogenous growth theory over AK-type endogenous growth models. On the other hand, the test results lend support to human capital oriented endogenous growth models - like the Uzawa-Lucas model - rather than to the human capital augmented Solow model.
Subjects: 
Exogenous growth
endogenous growth
panel Granger-causality tests
JEL: 
C12
C23
O41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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