This repository provides a revision of the Solow growth model based on the paper of Mankiw, Romer & Weil (1992) (source).Gregory N. Mankiw, David Romer, and David N. Weil. A contribution to the empirics of economic growth. Number 3541 in Working Paper Series. December 1992.
The model was replicated and tested in R. Also, the original results of Mankiw, Romer & Weil (1960 - 1985) were enhanced with up-to-date data (1985 - 2010). This project is documented in the paper:Maike Warneke, Justs Hövelmann, Laura Gabrysiak Gomez. A Revision of the Solow Model in R. Humbold University. July 2015.
If you use the code/dataset for your work, please cite the paper. BiBTeX entry:
@paper{solow_r_2015,
author = {Maike Warneke, Justus H\"{o}velmann, Laura Gabrysiak G\'{o}mez},
title = {{A Revision of the Solow Model in R}},
month = July,
year = {2015}
}
Following repository contains:
- Tha used datasets from the World bank//
- The implementation of the project (R)// 2.1. Data cleansing 2.2. Replication of the Solow model according to (Mankiw, Romer & Weil (1992) 2.3. Enhancenment of the Solow model with current data.
- Source code of the paper (LaTeX)//
- Visualization of results with ggplo2 (R)//
MIT License
Copyright (c) [2016] [Maike Warnecke, Laura Gabrysiak Gomez & Justs Hövelmann]
Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:
The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.
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