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

Research output: Contribution to journal › Article › peer-review

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

UN SDGs

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

SDG 8 Decent Work and Economic Growth

Keywords

European countries
growth model
human capital
investment ratio
trade openness

Access to Document

10.1016/j.econmod.2012.03.018

Cite this

@article{7314cca5c55c459b90493945ea86c532,

title = "Estimates of the steady state growth rates for some European countries",

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.",

keywords = "European countries, growth model, human capital, investment ratio, trade openness",

author = "Paolo Casadio and Antonio Paradiso and Rao, \{B. Bhaskara\}",

year = "2012",

doi = "10.1016/j.econmod.2012.03.018",

language = "English",

volume = "29",

pages = "1119--1125",

journal = "Economic Modelling",

issn = "0264-9993",

publisher = "Elsevier B.V.",

number = "4",

}

TY - JOUR

T1 - Estimates of the steady state growth rates for some European countries

AU - Casadio, Paolo

AU - Paradiso, Antonio

AU - Rao, B. Bhaskara

PY - 2012

Y1 - 2012

N2 - 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.

AB - 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.

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

U2 - 10.1016/j.econmod.2012.03.018

DO - 10.1016/j.econmod.2012.03.018

M3 - Article

SN - 0264-9993

VL - 29

SP - 1119

EP - 1125

JO - Economic Modelling

JF - Economic Modelling

IS - 4

ER -

Estimates of the steady state growth rates for some European countries

Abstract

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this