{"title":"Revisiting the Mankiw et al. (1992) growth regressions","authors":"Spyridon Boikos, Theodore Panagiotidis, Elisavet Serenidou, Thanasis Stengos","doi":"10.17811/ebl.12.3.2023.241-247","DOIUrl":null,"url":null,"abstract":"We revisit the famous Mankiw et al 1992 (MRW) paper by updating the data for the periods 1960-2015, 1970-2015 and 1990-2015. We present results for the Solow, the augmented Solow model and the conditional convergence on saving rates, population growth and human capital. The augmented model fits the data better. Human capital remains significant and higher than the MRW estimates for both the augmented model and the conditional convergence. The updated dataset highlights that the importance of human capital for growth is higher than MRW have demonstrated to be. The datasets for reproduction are also provided.","PeriodicalId":43184,"journal":{"name":"Economics and Business Letters","volume":null,"pages":null},"PeriodicalIF":0.9000,"publicationDate":"2023-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics and Business Letters","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17811/ebl.12.3.2023.241-247","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
We revisit the famous Mankiw et al 1992 (MRW) paper by updating the data for the periods 1960-2015, 1970-2015 and 1990-2015. We present results for the Solow, the augmented Solow model and the conditional convergence on saving rates, population growth and human capital. The augmented model fits the data better. Human capital remains significant and higher than the MRW estimates for both the augmented model and the conditional convergence. The updated dataset highlights that the importance of human capital for growth is higher than MRW have demonstrated to be. The datasets for reproduction are also provided.
我们通过更新1960-2015年、1970-2015年和1990-2015年期间的数据，重新审视了著名的Mankiw et al 1992 (MRW)论文。我们给出了索洛模型、增强索洛模型和条件收敛对储蓄率、人口增长和人力资本的影响。增广模型更符合数据。对于扩充模型和条件收敛，人力资本仍然显著且高于MRW估计。更新的数据集强调，人力资本对增长的重要性高于MRW所证明的。还提供了用于复制的数据集。
期刊介绍：
Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.
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