Estimates of the steady state growth rates for some European countries
- 作者：Paolo Casadio<sup>asup><sup> ; sup><sup>paolo.casadio@yahoo.itsup> ; Antonio Paradiso<sup>bsup><sup> ; sup><sup>anto_paradiso@hotmail.comsup> ; B. Bhaskara Rao<sup>csup><sup> ; sup><sup>raob123@bigpond.comsup>
- 关键词：C22 ; O52 ; O40
- 刊名：Economic Modelling
- 出版年：2012
- 期刊代码：7_02649993
- 类别：eco
- 出版时间：July, 2012
- 卷：29
- 期：4
- 页码：1119-1125
- 文件大小：597 K
摘要
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.