The investment-output ratio in growth regressions

William R J Alexander

doi:10.1080/135048594358177

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The investment-output ratio in growth regressions

Journal article

Peer reviewed

The investment-output ratio in growth regressions

William R J Alexander

Applied Economics Letters, Vol.1(5), pp.74-76

1994

DOI: https://doi.org/10.1080/135048594358177

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Abstract

Applied Economics

Public Health and Health Services

The investment-output ratio is often used as a regressor in empirical studies of economic growth, although Scott (1991) is the only serious proponent of its being theoretically appropriate to do so. Evidence is here adduced that when capital stock data are available they ought to be used in preference to investment data. In addition, many growth studies employ population data to proxy, rather poorly, a labour force variable, although no one has ever suggested that this is more than a pis aller. Evidence is presented here that this is an unsatisfactory procedure.

Details

Title: The investment-output ratio in growth regressions
Authors: William R J Alexander (Author)
Publication details: Applied Economics Letters, Vol.1(5), pp.74-76
Publisher: Routledge
Date published: 1994
DOI: 10.1080/135048594358177
ISSN: 1350-4851
Organisation Unit: School of Business and Creative Industries; Indigenous and Transcultural Research Centre; University of the Sunshine Coast, Queensland; USC Business School - Legacy
Language: English
Record Identifier: 99448818802621
Output Type: Journal article

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