Title of article
The anatomyofgrowthintheOECDsince1870
Author/Authors
Jakob B. Madsen، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
15
From page
753
To page
767
Abstract
Conventionalgrowthaccountingexercisesareextendedinthispapertoallowfor
endogeneityofcapital,demographictransitions,agedependency,andemployment
rates,amongotherfactors.UsingdatafortheOECDcountriesintheperiod1870–2006
it isshownthatgrowthhasbeenpredominantlydrivenbydemographicsandTFP
growth.TFPhas,inturn,beendrivenbyR&D,knowledgespilloversthroughthechannel
of imports,educationalattainment,andtheinteractionbetweeneducationalattainment
and thedistancetothetechnologyfrontier.Theestimatessuggestpermanentgrowth
effectsofR&Dandhumancapital
Keywords
Human capitalDemographic transitionEndogenous growthmodels
Journal title
Journal of Monetary Economics
Serial Year
2010
Journal title
Journal of Monetary Economics
Record number
846427
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