We have to carry out an empirical panel analysis of economic growth and see differences in factors of growth between groups of heterogeneous countries. As in economic growth much of the attention focuses on the form of the growth model estimated (factors included and the possibility of omitted factors) and this has to be a keystone of our paper, we would like to justify our election very well. To do so we need to use a strong, published and accepted model as baseline-model. What model (paper) would you recommend? Thank you very much.
Arbia, Giuseppe, Roberto Basile, and Gianfranco Piras. "Using spatial panel data in modelling regional growth and convergence." (2005).
Badinger, Harald, Werner Müller, and Gabriele Tondl. "Regional convergence in the European Union, 1985-1999: A spatial dynamic panel analysis." Regional Studies 38.3 (2004): 241-253.
It might be interesting for you.
http://www.oecd.org/tax/public-finance/22023319.pdf
It could be related with your interesting.
https://www.researchgate.net/publication/282580836_Spending_for_Growth_An_Empirical_Evidence_of_Thailand
Article Spending for Growth: An Empirical Evidence of Thailand
You may look into one of the models covered in my book Strategies of Economic Growth and Catch-Up attached
Thank you very much, Hans. I have take a look to the index and the themes are really exciting. Since one of our main interest in research is the innovative process, It will be very useful. We will cited it for sure. Thanks again!
Baumol, Batey Blackman and Wolff, Unbalanced Growth in the American Economic Review, 1985. I have a current paper with with a colleague withthat perspective based on occupations. Attached draft
Thank you, Frank. I have downloaded your draft and it is really a very meticulous research. I will take a look to the article of Baumol et al. either.
Dear Dr. Gregorio Giménez,
When we think of economic growth, we must think in terms of economy of world as a whole. Economy of each country and that of world economy as a whole is different. So I recommend.
"Why World Federation?"
http://www.w-g.jp/member/suzuki/Why-World-Federation.htm
In this paper, Marx's theory is reconsidered from a new viewpoint.
Your sincerely
Toshio Suzuki
I would start with the growth accounting. You get a head start from the Wikipedia article with its references.
https://en.wikipedia.org/wiki/Growth_accounting
HThank you very much, Toshio and Jouko. I am collecting very interesting material for our work, thanks to all.
To study economic growth you need to look at Total Factor Productivity (TFP) and Labor producitivty, the canonical model to evaluate growth is growth accounting, as suggested by the coleague above. A good review of TFP estimation - revising several empirical methods - is Van Beveren (2010). If those heterogenous groups are linked to the manufacturing sector, and the countries to be studied are thedeveloping ones, I would also look at Tybout (2000) for a literature review.
Modified combination of endogenous growth and institutional growth models will be a good starting point.
A permaculture model which has a holistic view of society, economy and environment
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