Empirical Estimation of the Solow Growth Model: A Panel Approach
This research examines the relevancy of Solow growth model in 20 OECD countries over the period 1971-2011. Following Mankiw-Romer-Weil (1992) and Islam (1995), I estimate both textbook and augmented Solow model. Along with OLS, estimation is carried out implementing both static panel and dynamic panel GMM carries out estimation. Results imply that appending human capital measure in augmented Solo
