期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2005
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：The aim of this paper is to update the reviews on endogenous growth theories in order to explore whether
recent empirical studies are more supportive of their main predictions. Among the core topics studied in
the growth econometric framework, namely, convergence, identifications of growth determinants and
factors responsible of growth differences in the data, the primary focus of this paper is on the last two.
Since the use of econometrics was originally motivated by convergence issues, in this work we will
review econometric studies that test primarily the relevance of endogenous models in terms of
significance and robustness of growth’s determinant coefficients. We argue that: (i) causal inference
drawn from the empirical growth literature remains highly questionable, ii) there are estimates for a wide
range of potential factors but their magnitude and robustness are still under debate. Overall, however, if
properly interpreted, endogenous growth models' predictions are increasingly gaining empirical support.
