Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 9, 2007 erstellt
Beschreibung:
This paper presents a novel theoretical and empirical approach to the analysis of long-run economic growth. It shows that most traditional theoretical models share the feature of pair-wise cointegration among the main variables. An augmented Kaldor model is proposed in contrast to the standard production function. The empirical analysis employs non-stationary panel techniques on two groups of countries to show that pair-wise cointegration exists among GDP, physical capital, human capital, and trade openness