A Contribution to the Empirics of Economic Growth
Quarterly Journal of Economics (1992)
- ISSN: 00335533
- ISBN: 9781424417346
- DOI: 10.2307/2118477
Available from www.jstor.org
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Abstract
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The paper also examines the implications of the Solow model for convergence in standards of living, that is, for whether poor countries tend to grow faster than rich countries. The evidence indicates that, holding population growth and capital accumulation constant, countries converge at about the rate the augmented Solow model predicts.
Available from www.jstor.org
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A Contribution to the Empirics of Economic Growth
A Contribution to the Empirics of Economic Growth
N. Gregory Mankiw; David Romer; David N. Weil
The Quarterly Journal of Economics, Vol. 107, No. 2. (May, 1992), pp. 407-437.
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Mon Jan 15 13:47:25 2007
N. Gregory Mankiw; David Romer; David N. Weil
The Quarterly Journal of Economics, Vol. 107, No. 2. (May, 1992), pp. 407-437.
Stable URL:
http://links.jstor.org/sici?sici=0033-5533%28199205%29107%3A2%3C407%3AACTTEO%3E2.0.CO%3B2-5
The Quarterly Journal of Economics is currently published by The MIT Press.
Your use of the JSTOR archive indicates your acceptance of JSTOR’s Terms and Conditions of Use, available at
http://www.jstor.org/about/terms.html. JSTOR’s Terms and Conditions of Use provides, in part, that unless you have obtained
prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in
the JSTOR archive only for your personal, non-commercial use.
Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at
http://www.jstor.org/journals/mitpress.html.
Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed
page of such transmission.
JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For
more information regarding JSTOR, please contact support@jstor.org.
http://www.jstor.org
Mon Jan 15 13:47:25 2007
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