索洛(1956)作为跨国增长动态的一个模型

Solow (1956) as a model of cross-country growth dynamics

Oxford Review of Economic Policy · 2007
被引 32
人大 A-ABS 2

中文导读

指出基于索洛增长模型的实证研究常错误假设各国技术进步率相同,导致高估要素积累的作用,并发现条件收敛速度慢于模型预测,这源于对技术的不当假设而非模型本身失败。

Abstract

Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behaviour of technological progess runsounter to the evidence and has had a number of significant implications for the interpretation of the Solow model. One implication has been an overemphasis on the role of factor accumulation in explaining cross-country income differentials. In addition, the commonly cited empirical result that the speed of conditional convergence is slower than predicted by the Solow model is a function of this inaccurate assumption about technology, rather than due to a failure of the model itself.

索洛模型跨国经济增长技术外生性条件收敛速度