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- W2149297722 abstract "Translated to a cross-country context, the Solow model (Solow, 1956 ) predicts that international differences in steady-state output per person are due to international differences in technology for a constant capital–output ratio. However, most of the empirical growth literature that refers to the Solow model has employed a specification where steady-stateifferences in output per person are due to international differences in the capital–output ratio for a constant level of technology. My empirical results show that the former specification can summarize the data quite well by using a measure of institutional technology and treating the capital–output ratio as part of the regression constant. This reinterpretation of the cross-country Solow model provides an implication for empirical studies of international trade. Harrod-neutral technology differences, as presumed by the Solow model, can explain why countries have different factor intensities and may end up in different cones of specialization." @default.
- W2149297722 created "2016-06-24" @default.
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- W2149297722 date "2007-03-01" @default.
- W2149297722 modified "2023-10-18" @default.
- W2149297722 title "The Solow model in the empirics of growth and trade" @default.
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- W2149297722 doi "https://doi.org/10.1093/oxrep/grm002" @default.
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