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Empirical evidence for alternative growth models: Time series results

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Abstract

Empirical Evidence for Alternative Growth Models: Time Series Results. - Recent attempts to discriminate between alternative models of economic growth have led to a full circle of results by focussing on cross-section data. In this paper, the author shows that the time series evidence is inconclusive as well, depending on the specification of the test equation with respect to its functional form and its dynamic modelling, and on the estimation technique used. Hence, given the data at hand, attempts to devise explicit tests of alternative growth models seem to lead to dead ends.

Zusammenfassung

Empirische Befunde für alternative Wachstumsmodelle. Ergebnisse aus Zeitreihenanalysen. - Jüngere Versuche, mit Hilfe von Querschnittsdaten zwischen alternativen Wachstumsmodellen zu unterscheiden, haben zu widersprüchlichen Ergebnissen geführt. In diesem Aufsatz zeigt der Verfasser, daβ die Befunde aus Zeitreihenanalysen ebenfalls nicht schlüssig sind und davon abhängen, wie die Testgleichung im Hinblick auf ihre funktionale Form und ihre dynamische Gestalt spezifiziert wird und welche Schätztechnik benutzt wird. Bei den gegebenen Daten scheinen deshalb Versuche, Tests für alternative Wachstumsmodelle explizit zu entwerfen, in die Irre zu führen.

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Authors
  1. Erich Gundlach
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Gundlach, E. Empirical evidence for alternative growth models: Time series results. Weltwirtschaftliches Archiv 129, 103–119 (1993). https://doi.org/10.1007/BF02707489

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