Bond, Stephen Roy; Levent, Sekeroz; Schiantarelli, Fabio - In: Journal of Applied Econometrics 25 (2010) 7, pp. 1073-1099
Using annual data for 75 countries in the period 1960–2000, we present evidence of a positive relationship between investment as a share of gross domestic product (GDP) and the long-run growth rate of GDP per worker. This result is robust for our full sample and for the subsample of non‐OECD...