Title of article
A fallacy in causality research on growth and capital accumulation
Author/Authors
Patrick Vanhoudt، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
5
From page
77
To page
81
Abstract
In this paper we argue that recent causality research on economic growth and accumulation rates dismisses the constant returns neoclassical growth models based on a fallacy. We argue that the finding of no or negative Granger causality is perfectly consistent with Solow-type of models with exogenous saving.
Keywords
Economic growth , Neoclassical and augmented neoclassical models , and knowledge capital , Physical. human
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434590
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