AK Growth Models: New Evidence Based on Fractional Integration and Breaking Trends (notice n° 546753)
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| fixed length control field | 01722cam a2200205 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114319.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Cuñado, Juncal |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | AK Growth Models: New Evidence Based on Fractional Integration and Breaking Trends |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2009.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 48 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | According to AK growth models, permanent changes in investment rates have permanent effects on a country’s rate of economic growth. Jones (Quarterly Journal of Economics, 1995, 110, 495-525) finds strong evidence supporting this finding in his review of the time series properties of GDP growth rates and investment output ratios in fifteen OECD countries for the period 1950–1988. This paper tests the same hypothesis in four OECD countries over a much longer period (1870–2002 for Canada, the UK, and the US, and 1885–2002 for Japan). Instead of using classical approaches based on stationary I(0) or unit roots I(1) processes, we use methodologies based on fractional integration. After examining the order of integration of GDP growth rates and non-residential investment ratios for these countries, we do not find much evidence that contradicts the “growth effects” prediction of AK models. In fact, we only find clear evidence against this theory for the UK case. JEL Classification ' C22, O40. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | growth models |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | fractional integration |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Gil-Alana, L.A. |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Pérez de Gracia, F. |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 75 | 2 | 2009-04-28 | p. 131-149 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2009-2-page-131?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2009-2-page-131?lang=en&redirect-ssocas=7080</a> |
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