Production function estimation of the modified Uzawa-Lucas growth model for developed and developing countries
Abstract
Estimation was implemented for two groups of countries: developed countries (The Netherlands, USA, UK, Norway, Canada and Australia) and developing countries (Russia, Kazakhstan, China, Mexico, Argentina and Brazil). Series of accumulated per capita human capital were constructed. Using modified Uzawa-Lucas growth model the influence of human capital and oil-and-gas resources on economic development was defined.
About the Author
D. O. Neustroev
Institute of Economics and Industrial Engineering SB RAS, Novosibirsk
Russian Federation
Russian Federation
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Review
For citations:
Neustroev D.O. Production function estimation of the modified Uzawa-Lucas growth model for developed and developing countries. World of Economics and Management. 2013;13(4):5–15. (In Russ.)
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