Cunado, Juncal; Gil-Alana, Luis A.; Garcia, Fernando … - Institut de Recherche Économique et Sociale (IRES), … - 2009
According to AK growth models, permanent changes in investment rates have permanent effects on a country’s rate of economic growth. Jones (Quarterly Journal of Economics, 1995, 110, 495-525) finds strong evidence against this prediction studying the time series properties of GDP growth rates...
