Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059782 | Economics Letters | 2013 | 4 Pages |
Abstract
I estimate a Solow model augmented with human capital in 42 countries for 1910-2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Theodore R. Breton,