The Augmented Solow Model and the Productivity Slowdown

Journal of Monetary Economics

Posted: 9 Jul 1998

See all articles by James D. Hamilton

James D. Hamilton

University of California at San Diego; National Bureau of Economic Research (NBER)

Josefa Monteagudo

Autonomous University of Barcelona - Department of Economics and Economic History

Multiple version iconThere are 2 versions of this paper

Abstract

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

Hamilton, James D. and Monteagudo Pujalte, Josefa, The Augmented Solow Model and the Productivity Slowdown. Journal of Monetary Economics, Available at SSRN: https://ssrn.com/abstract=106108

James D. Hamilton (Contact Author)

University of California at San Diego ( email )

9500 Gilman Drive
Mail code: 0508
La Jolla, CA 92093-0508
United States
619-534-5986 (Phone)
619-534-7040 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Josefa Monteagudo Pujalte

Autonomous University of Barcelona - Department of Economics and Economic History ( email )

Edifici B - Campus Bellaterra
Barcelona, 08193
Spain

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
757
PlumX Metrics