On some criteria for the formulation and testing of economic growth models

Research output: Contribution to journalArticle

Abstract

This paper presents a methodology for the formulation and testing of economic growth models. The model selected includes two production sectors with physical and human capital accumulation. These capital stocks are associated with spillover effects in the production of the physical good and in the accumulation of both factors.

Original languageEnglish (US)
JournalSpanish Economic Review
Volume4
Issue number1
DOIs
StatePublished - Mar 1 2002
Externally publishedYes

Keywords

  • JEL Classification:E1, O3, O4
  • Key words:Basic facts, economic growth model, balanced growth path, calibration, testing

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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