Testing Capital Accumulation-Driven Growth Models in a Multiple-Regime Framework: Evidence from South Africa

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Nell, Kevin S, De Mello, Maria M
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2015
• Subjects: Growth models

This paper proposes two types of AK-style endogenous growth models to test the physical capital accumulation hypothesis in a 'typical' developing country with multiple regimes: a strong version, in which technological progress is fully endogenous to capital accumulation, and a weaker versi...