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An extension to the neoclassical growth model to estimate growth effects

Rao, Bhaskara B. and Singh, Rup and Nisha, Fozia F. (2009) An extension to the neoclassical growth model to estimate growth effects. Applied Economics Letters, 16 (18). pp. 1837-1841. ISSN 1350-4851

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Abstract

The neoclassical growth model was extended by Mankiw et al. (1992) to estimate the level-effects of human capital. We suggest a further extension to capture their permanent growth-effects. Time-series data from Fiji are used to show that the growth-effects of human capital, although small, are significant and specifications with growth-effects perform better.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Neha Harakh
Date Deposited: 23 Nov 2009 13:34
Last Modified: 17 Jul 2012 20:27
URI: http://repository.usp.ac.fj/id/eprint/1231
UNSPECIFIED

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