A Contribution to the Empirics of Economic Growth

  title={A Contribution to the Empirics of Economic Growth},
  author={N. Mankiw and D. Romer and D. Weil},
  • N. Mankiw, D. Romer, D. Weil
  • Published 1990
  • Economics
  • This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The paper also examines the implications of the Solow model for convergence in standards of living, that is, for whether poor countries tend to grow faster than rich countries. The evidence indicates that… CONTINUE READING