01925cas a2200265 a 4500 AALejournalIMF008317 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451947052 1018-5941 BD-DhAAL BD-DhAAL Knight, Malcolm. Testing the Neoclassical Theory of Economic Growth : A Panel Data Approach / Malcolm Knight, Delano Villanueva, Norman Loayza. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical results provide support for the view that these factors exert a positive and significant influence on economic growth. They also provide estimates of the speed at which the gap in real per capita income between rich and poor countries is likely to be reduced over the longer term. Mode of access: Internet Loayza, Norman. Villanueva, Delano. IMF Working Papers; Working Paper ; No. 1992/106 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/106/001.1992.issue-106-en.xml IMF e-Library