A note on the empirics of the neoclassical growth model

Giovanni Caggiano; Leone Leonida

doi:10.1016/j.econlet.2006.06.025

A note on the empirics of the neoclassical growth model

Giovanni Caggiano, Leone Leonida

Department of Economics

Research output: Contribution to journal › Article › Research › peer-review

2 Citations (Scopus)

Abstract

This paper shows that the widely used log-linearization of the neoclassical model of growth implies a relevant loss in terms of the ability of the model in replicating the patterns of convergence of an economy to its equilibrium level.

Original language	English
Pages (from-to)	170-176
Number of pages	7
Journal	Economics Letters
Volume	94
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2006.06.025
Publication status	Published - Feb 2007

Keywords

AutoCorrelation Function
Convergence processes
Neoclassical growth model

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10.1016/j.econlet.2006.06.025

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abstract = "This paper shows that the widely used log-linearization of the neoclassical model of growth implies a relevant loss in terms of the ability of the model in replicating the patterns of convergence of an economy to its equilibrium level.",

keywords = "AutoCorrelation Function, Convergence processes, Neoclassical growth model",

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A note on the empirics of the neoclassical growth model

Abstract

Keywords

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