The Augmented Solow Model and the Productivity Slowdown
Journal of Monetary Economics
Posted: 9 Jul 1998
This paper notes that the Mankiw, Romer, and Weil formulation of the augmented Solow growth model has implications not only for the steady-state growth rates but also for how these growth rates would change if there are changes in fundamentals. The analysis supports several of Mankiw, Romer, and Weil's main findings: those countries that reduced their population growth rates or increased their saving rates are the countries that were most likely to increase their growth rates. By contrast, we find no evidence that increasing commitments to education have had any influence on country's growth rates.
Note: This is a description of the paper and not the actual abstract.
JEL Classification: E22, E23, O41
Suggested Citation: Suggested Citation