Estimates of the steady state growth rates for some European countries

Paolo Casadio; Antonio Paradiso; B. Bhaskara Rao

doi:10.1016/j.econmod.2012.03.018

Estimates of the steady state growth rates for some European countries

Paolo Casadio, Antonio Paradiso, B. Bhaskara Rao

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4 Citations (Scopus)

Abstract

This paper estimates the steady state growth rates for the main European countries with an extended version of the Solow (1956) growth model. Total factor productivity is assumed a function of human capital, trade openness and investment ratio. We show that these factors, with some differences, have played an important role to improve the long run growth rates of Italy, Spain, France, UK, and Ireland. A few policies to improve the long-run growth rates for these countries are suggested.

Original language	English
Pages (from-to)	1119-1125
Number of pages	7
Journal	Economic Modelling
Volume	29
Issue number	4
DOIs	https://doi.org/10.1016/j.econmod.2012.03.018
Publication status	Published - 2012

Keywords

European countries
growth model
human capital
investment ratio
trade openness

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econmod.2012.03.018

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KW - European countries

KW - growth model

KW - human capital

KW - investment ratio

KW - trade openness

UR - http://handle.uws.edu.au:8081/1959.7/517169

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DO - 10.1016/j.econmod.2012.03.018

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JF - Economic Modelling

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Estimates of the steady state growth rates for some European countries

Abstract

Keywords

UN SDGs

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