Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85820
Authors: 
Elbers, Chris
Gunning, Jan Willem
Year of Publication: 
2002
Series/Report no.: 
Tinbergen Institute Discussion Paper 02-034/2
Abstract: 
In this note we show that the standard, loglinear growth regression specificationis consistent with one and only one model in the class of stochastic Ramsey models. Thismodel is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciationrate and it implies that risk does not affect investment behavior.
Subjects: 
economic growth
growth regressions
growth under uncertainty
JEL: 
O4
D91
Document Type: 
Working Paper

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