Which Solow model - homogeneous technology-, heterogeneous technology-, or human capital-augmented : best explains OECD growth?, fresh evidence from Bayesian Monte Carlo Simulations
Year of publication: |
2024
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Authors: | Dan, Thanh Bui ; Nguyen Ngoc Thach |
Published in: |
Montenegrin journal of economics. - Podgorica : Economic Laboratory for Transition Research, ISSN 1800-6698, ZDB-ID 2860930-X. - Vol. 20.2024, 2, p. 251-265
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Subject: | MCMC simulations | canonical Solow model | augmented Solow model | homogeneous technology | heterogeneous technology | multicollinearity | OECD | Neoklassisches Wachstumsmodell | Neoclassical growth model | OECD-Staaten | OECD countries | Wachstumstheorie | Growth theory | Simulation | Monte-Carlo-Simulation | Monte Carlo simulation | Schätzung | Estimation | Technischer Fortschritt | Technological change | Bayes-Statistik | Bayesian inference |
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