Solow vs. Solow: Notes on identification and interpretation in the empirics of growth and development

Article Abstract:

The empirical studies of long-run growth refers to one of the two seminal contributions by Robert Solow in 1956 and 1957 where a priori identification assumption is needed about the nature of technical change in order to estimate the relative roles of factor accumulation and technology in development. The two papers by Robert Solow continue to influence empirical research on growth and development.

Models

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Doomed to deficits? Aggregate U.S. trade flows re-examined

Article Abstract:

The stability of import and export demand functions for the United States is examined over a quarterly period and the Johansen maximum likelihood approach is used where the export demand function is readily identified. It is concluded that the US is doomed to deficits in the absence of large changes in growth trends and additional decreases in the dollar's value.

United States, Foreign trade, International trade, Dollar (United States)

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Technology adoption and multiple growth paths: An intertemporal general equilibrium analysis of the catch-up process in Thailand

Article Abstract:

The catching up analysis as it is understood, links productivity growth to the extent of gaps with developed economies, more backward the economy the higher the productivity growth. The role of absorptive capacity along with its importance for economies on the threshold between low and high growth paths is discussed.

Thailand, Productivity Improvement, Economic aspects, Labor productivity, Labour productivity

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