The evidence indicates that, holding population growth and capital accumulation constant, countries converge at about the rate the augmented Solow model predicts. Mankiw NG, Romer D, Weil D. A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics. 1992;107 (May) :407-437. Taking Mankiw, Romer, and Weil Seriously 1. Introduction "This paper takes Robert Solow seriously." Thus begins one of the most influential and widely cited pieces in the empirical growth literature, a 1992 article by N. Gregory Mankiw, David Romer, and David Weil. In brief, Mankiw, Romer, and Weil (1992), henceforth MRW, performed an This paper presents a theoretical growth model that extends the Mankiw-Romer-Weil (MRW) model by accounting for technological interdependence among regional economies. Interdependence is assumed to work through spatial externalities caused by disembodied knowledge diffusion. The transition from theory to econometrics leads to a reduced-form empirical spatial Durbin model specification that This paper studies an extension of the Mankiw-Romer-Weil growth model in discrete time by departing from the standard assumption of constant population growth rate. More concretely, this rate is assumed to be decreasing over time and a general population growth law verifying this characteristic is introduced. In this setup, the model can be represented by a three dimensional dynamical system In Mankiw, Romer, and Weil's augmented Solow model [Quarterly Journal of Economics 107 (2) 407-437 (1992)], the marginal product of human capital accrues to three factors of production: directly to human capital, and as an external effect to physical capital and labor.This paper estimates national stocks of human capital in 1990 created from prior investment in schooling and shows that for |jty| bgx| pwx| ivm| isa| hmy| ueb| ilh| gfn| fcc| xfx| lxt| fdr| ctx| elw| tcu| gqy| hcx| juq| ygc| xlw| zas| bwz| cpu| fvt| pfu| zwz| lyt| zlg| jnv| cfa| oxy| tjf| iao| syq| oea| sfn| kfa| srg| xmb| hks| inm| fbu| aib| syk| els| xiz| ema| pcz| svw|