Caggiano, G. and Leonida, L. (2007) A note on the empirics of the neoclassical growth model. Economics Letters, 94, pp. 170-176. (doi: 10.1016/j.econlet.2006.06.025)
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Abstract
This paper shows that the widely used log-linearization of the neoclassical model of growth implies a relevant loss in terms of the ability of the model in replicating the patterns of convergence of an economy to its equilibrium level.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Caggiano, Mr Giovanni |
| Authors: | Caggiano, G., and Leonida, L. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | Economics Letters |
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