dc.contributor.author | Barañano Mentxaka, Ilaski ![ORCID](/themes/Mirage2//images/orcid_16x16.png) | |
dc.contributor.author | Romero-Avila, Diego | |
dc.date.accessioned | 2013-02-26T12:46:42Z | |
dc.date.available | 2013-02-26T12:46:42Z | |
dc.date.issued | 2013 | |
dc.identifier.uri | http://hdl.handle.net/10810/9547 | |
dc.description.abstract | Previous research has shown a strong positive correlation between short-term
persistence and long-term output growth as well as between depreciation rates
and long-term output growth. This evidence, therefore, contradicts the standard
predictions from traditional neoclassical or AK-type growth models with exogenous
depreciation. In this paper, we first confirm these findings for a larger sample of 101 countries. We then study the dynamics of growth and persistence in a model
where both the depreciation rate and growth are endogenous and procyclical. We find that the model s predictions become consistent with the empirical evidence on
persistence, long-term growth and depreciation rates. | es |
dc.description.sponsorship | Spanish Ministry of Science and Technology through grant ECO2009-07939, the Spanish Ministry of Economy and Competitiveness
through grant ECO2012-31626 and Departamento de Educación, Universidades e Investigación del Gobierno Vasco (IT-223-07).Spanish Ministry of Science and Technology through grant ECO2009-13357, the Spanish Ministry of Economics and Competitiveness through
grant ECO2012-35430 and the Andalusian Council of Innovation and Science under Excellence Project SEJ-4546. | es |
dc.language.iso | eng | es |
dc.publisher | Departamento de Fundamentos dle Análisis Económico I | es |
dc.relation.ispartofseries | Ikerlanak;2013.68 | |
dc.rights | info:eu-repo/semantics/openAccess | es |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/ | * |
dc.subject | real business cycle models | es |
dc.subject | endogenous growth | es |
dc.subject | stochastic trends | es |
dc.subject | persistence | es |
dc.subject | capital utilization | es |
dc.subject | dynamic panel data models | es |
dc.title | Long-Term Growth and Persistence with Endogenous Depreciation: Theory and Evidence | es |
dc.type | info:eu-repo/semantics/workingPaper | es |
dc.rights.holder | Attribution-NonCommercial-NoDerivs 3.0 Unported | * |
dc.relation.publisherversion | http://www.fae1-eao1.ehu.es/s0043-con/es/contenidos/informacion/00043_documentostrabajo/es_00043_do/adjuntos/IL6813.pdf | es |
dc.subject.jel | C22 | es |
dc.subject.jel | C23 | es |
dc.subject.jel | E32 | es |
dc.subject.jel | O40 | es |
dc.identifier.repec | RePEc:ehu:ikerla:9547 | es |
dc.departamentoes | Fundamentos del análisis económico I | es_ES |
dc.departamentoeu | Ekonomia analisiaren oinarriak I | es_ES |
dc.subject.categoria | ECONOMIC DEVELOPMENT, TECHNOLOGICAL CHANGE, AND GROWTH | |
dc.subject.categoria | MATHEMATICAL AND QUANTITATIVE METHODS | |
dc.subject.categoria | MACROECONOMICS AND MONETARY ECONOMICS | |