An Examination of the Time Series Evidence on AK-Style Endogenous Growth Models

dc.contributor.author	Sakamoto, Kiwako
dc.date.accessioned	2009-05-15T16:42:18Z
dc.date.available	2009-05-15T16:42:18Z
dc.date.issued	2008
dc.description	Awarded $1,000 in the 2009 Undergraduate Research Award scholarship competition. 32 p. Paper versions also available for check out or consultation in the University of Oregon's library.	en
dc.description.abstract	In "Time Series Tests of Endogenous Growth Models" (1995)1, Charles Jones concludes that the two textbook endogenous growth models - AK-models and R&D based models -are inconsistent with time series evidence. Showing that there is little or no persistent increase in growth rates of OECD countries but large persistent movements in investment, Jones argues that either the persistent movements in growth determinant variables have been offsetting, or "the hallmark of the endogenous growth models, that permanent changes in policy variables have permanent effects on growth rates, is misleading." This pafer replicates his time series test ofAK models and extends its original data to 2004 . The extended data exhibit negative trends or no trend at all in total investment rates, but in general still support the conclusions of the original paper.	en
dc.identifier.uri	https://hdl.handle.net/1794/9160
dc.language.iso	en_US	en
dc.publisher	University of Oregon	en
dc.title	An Examination of the Time Series Evidence on AK-Style Endogenous Growth Models	en
dc.type	Article	en

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