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| Titel: |
Economic Growth of OECD Countries: Focusing on Canada |
| Auteur: |
Lee, Frank C. |
| Verschenen in: |
International economic journal |
| Paginering: | Jaargang 10 (1996) nr. 2 pagina's 105-119 |
| Jaar: |
1996 |
| Inhoud: |
This paper reinvestigates factors that are related to economic growth based on Summers-Heston's cross-sectional and time-series data of the 24 OECD countries over the 1950-1988 period. The paper then focuses on Canada's growth performance in the context of the OECD countries. It is found that there is a significant negative relationship between the initial level of income and the rate of per capita growth. The speed of catch-up is, however, very slow meaning that it would take a long time for a poor country to catch-up to a rich country. This catch-up process disappears when the length of the data is shortened to the last two decades. But the level of inflation, the ratio of debt to GDP and the ratio of investment to GDP all consistently show up as variables that are significantly related to growth. [O4,O5] |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 2 van 7 gevonden artikelen
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