Article ID Journal Published Year Pages File Type
5062552 Economics Letters 2007 7 Pages PDF
Abstract

This paper shows that the widely used log-linearization of the neoclassical model of growth implies a relevant loss in terms of the ability of the model in replicating the patterns of convergence of an economy to its equilibrium level.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A note on the empirics of the neoclassical growth model
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