Ana Akım Büyüme Modeli ve Yakınsama Hipotezlerinin Analizi: Panel Veri Yaklaşımı

Abstract

In this article, we examine Solow-Swan Model, Augmented Solow-Swan Model, Absolute and Conditional Convercence hypotheses by following (Mankiw-Romer-Weil, 1992). Panel Data Fixed Effects approach is employed in six distinct country groups (all, population over one million, West, Africa, Islam and Latin) between 1990-2010 period. We found that coefficients of original model have higher values as compared to model suggestions, but these values have not come to normal levels when we control the human capital. In addition to this finding, explanatory power of independent variables in augmented model has increased and nearly explained per-worker income level. Finally, we concluded that income differences among countries may fade away in time on the condition that countries have the same structural characteristics.