The endogeneity of the natural rate of growth – an empirical study for Latin‐American countries

References

• Barro , R.J. 1991 . Economic growth in a cross‐section of countries . The Quarterly Journal of Economics , 106 : 407 – 33 .
   Web of Science ®Google Scholar
• Barro , R.J. and Sala‐i‐Martin , X. 1995 . Economic growth , New York : McGraw‐Hill .
   Google Scholar
• Cornwall , J. 1977 . Modern capitalism: Its growth and transformation , London : Martin Robertson .
   Google Scholar
• Cornwall , J. and Cornwall , W. 2001 . Capitalist development in the twentieth century – an evolutionary‐Keynesian analysis , Cambridge : Cambridge University Press .
   Google Scholar
• Development Research Institute, New York University . 2006 . “ Global Development Network Growth Database ” . http://www.nyu.edu/fas/institute/dri/database.html (accessed 15 October 2006)
   Google Scholar
• Dixon , R. and Thirlwall , A.P. 1975 . A model of regional growth rates differences on Kaldorian lines . Oxford Economic Papers , 19 : 201 – 14 .
   Google Scholar
• Dutt , A.K. 2006 . Aggregate demand, aggregate supply and economic growth . International Review of Applied Economics , 20 ( 3 ) : 319 – 36 .
   Google Scholar
• Easterly , W. 2002 . The elusive quest for growth – economists’ adventures and misadventures in the tropics , Cambridge, MA : MIT Press .
   Google Scholar
• Felipe , J. and McCombie , J. 2006 . The tyranny of the identity: Growth accounting revisited . International Review of Applied Economics , 20 ( 3 ) : 283 – 99 .
   Google Scholar
• GlobalInsight . 2006 . World market monitor
   Google Scholar
• Greene , W.H. 2003 . Econometric analysis , 5th edn. , Upper Saddle River, NJ : Pearson Education .
   Google Scholar
• Hacche , G. 1979 . The theory of economic growth – An Introduction , London : Macmillan .
   Google Scholar
• Harrod , R.F. 1939 . An essay in dynamic theory . The Economic Journal , 49 : 14 – 33 .
   Web of Science ®Google Scholar
• Hein , E. 2004 . Verteilung und Wachstum – Eine paradigmenorientierte Einführung unter besonderer Berücksichtigung der post‐keynesianischen Theorie , Marburg : Metropolis‐Verlag .
   Google Scholar
• Kaldor , N. 1957 . A model of economic growth . Economic Journal , 67 ( 6 ) : 591 – 624 .
   Google Scholar
• Kaldor , N. 1966 . Causes of the slow rate of growth of the United Kingdom , Cambridge : Cambridge University Press .
   Google Scholar
• Kraemer , M. 1995 . “ Stabilization and poverty in Latin America during the 1980s ” . In Indebtness, economic reforms and poverty , Edited by: Sautter , H. 75 – 123 . Frankfurt/Main : Vervuert .
   Google Scholar
• León‐Ledesma , M.A. 2000 . Economic growth and Verdoorn’s Law in the Spanish regions, 1962–91 . International Review of Applied Economics , 14 ( 1 ) : 55 – 69 .
   Google Scholar
• León‐Ledesma , M.A. 2002 . Accumulation, innovation and catching‐up: An extended cumulative growth model . Cambridge Journal of Economics , 26 : 201 – 16 .
   Web of Science ®Google Scholar
• León‐Ledesma , M.A. and Thirlwall , A.P. 2002 . The endogeneity of the natural rate of growth . Cambridge Journal of Economics , 26 : 441 – 59 .
   Web of Science ®Google Scholar
• Lucas , R.E. Jr. 1988 . On the mechanics of economic development . Journal of Monetary Economics , 22 : 3 – 42 .
   Web of Science ®Google Scholar
• Mankiv , N.G. , Romer , D. and Weil , D.N. 1992 . A contribution to the empirics of economic growth . The Quarterly Journal of Economics , 107 : 407 – 37 .
   Google Scholar
• Okun , A. 1962 . Potential GNP: Its measurement and significance . Proceedings of Business and Economic Statistics Section of the American Statistical Association , 7 : 98 – 104 .
   Google Scholar
• Robinson , J. 1962 . Essays in the Theory of Economic Growth , London : Macmillan .
   Google Scholar
• Romer , P.M. 1986 . Increasing returns and long‐run growth . Journal of Political Economy , 94 ( 5 ) : 1002 – 37 .
   Web of Science ®Google Scholar
• Romer , P.M. 1990 . Endogenous technological change . Journal of Political Economy , 98 ( 5 ) : S71 – S102 .
   Web of Science ®Google Scholar
• Setterfield , M. 1997 . History versus equilibrium and the theory of economic growth . Cambridge Journal of Economics , 21 : 27 – 43 .
   Google Scholar
• Setterfield , M. 2006 . “ Thirlwall’s Law and Palley’s pitfalls: A reconsideration ” . In Growth and Development: Essays in Honour of A.P. Thirlwall , Edited by: Arestis , P. , McCombie , J. and Vickermann , R. 47 – 59 . Cheltenham : Edward Elgar .
   Google Scholar
• Solow , R.M. 1956 . A contribution to the theory of economic growth . Quarterly Journal of Economics , 70 : 65 – 94 .
   Web of Science ®Google Scholar
• Thirlwall , A.P. 1969 . Okun’s Law and the natural rate of growth . The Southern Economic Journal , 36 ( 1 ) : 87 – 89 .
   Web of Science ®Google Scholar
• Verdoorn , P.J. 1949 . Fattori qui regolano lo sviluppo della produttività del lavoro . L’Industria , 1 : 43 – 53 .
   Google Scholar
• Zellner , A. 1962 . An efficient method of estimating seemingly unrelated regressions and tests for aggregation bias . Journal of the American Statistical Association , 57 : 358 – 68 .
   Google Scholar