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The translog growth model

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  • Østbye, Stein

Abstract

The macroeconomic growth equation based on the Solow model with translog technology is derived and compared to Wicksell-Cobb-Douglas. Both the basic model with physical capital and the augmented model with physical and human capital are presented. The purpose of the paper is to make translog a more attractive alternative for empirical research on economic growth.

Suggested Citation

  • Østbye, Stein, 2010. "The translog growth model," Journal of Macroeconomics, Elsevier, vol. 32(2), pages 635-640, June.
    • Handle: RePEc:eee:jmacro:v:32:y:2010:i:2:p:635-640
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    References listed on IDEAS

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    Cited by:

    1. Lin, Boqiang & Zhu, Runqing & Raza, Muhammad Yousaf, 2022. "Fuel substitution and environmental sustainability in India: Perspectives of technical progress," Energy, Elsevier, vol. 261(PB).
    2. Devran Sanli & Aziz Konukman, 2021. "The Impact of High-Tech Exports on Income: Findings on the Translog Production Function," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 71(71-2), pages 457-498, December.
    3. Pablo-Romero, María del P. & Sánchez-Braza, Antonio, 2015. "Productive energy use and economic growth: Energy, physical and human capital relationships," Energy Economics, Elsevier, vol. 49(C), pages 420-429.
    4. Dongyeol Lee & Hyunjoon Lim, 2017. "Multiple Thresholds In The Nexus Between Working Hours And Productivity," Contemporary Economic Policy, Western Economic Association International, vol. 35(4), pages 716-734, October.
    5. Pablo-Romero, M. del P. & Gómez-Calero, M. de la P., 2013. "A translog production function for the Spanish provinces: Impact of the human and physical capital in economic growth," Economic Modelling, Elsevier, vol. 32(C), pages 77-87.

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