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On some criteria for the formulation and testing of economic growth models

Author

Listed:
  • Manuel S. Santos

    (Department of Economics, Arizona State University, Tempe, AZ 85287, USA)

Abstract

This paper presents a methodology for the formulation and testing of economic growth models. The model selected includes two production sectors with physical and human capital accumulation. These capital stocks are associated with spillover effects in the production of the physical good and in the accumulation of both factors.

Suggested Citation

  • Manuel S. Santos, 2002. "On some criteria for the formulation and testing of economic growth models," Spanish Economic Review, Springer;Spanish Economic Association, vol. 4(1), pages 1-18.
    • Handle: RePEc:spr:specre:v:4:y:2002:i:1:p:1-18
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    References listed on IDEAS

    as
    1. Michael Gort & Jeremy Greenwood & Peter Rupert, 1999. "Measuring the Rate of Technological Progress in Structures," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(1), pages 207-230, January.
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    More about this item

    Keywords

    Basic facts; economic growth model; balanced growth path; calibration; testing;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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