Implications for Output Growth

Part of the Contributions to Economics book series (CE, volume 1)


In this chapter, the theoretical model is translated into an econometrically testable linear expression. In Sect. 8.1, it is shown how a Taylor approximation of the production function’s derivative with respect to time results in a differential equation, the solution of which is given in Sect. 8.2: after a considerable number of equations, the model’s complexities are reduced into one linear equation with clear conclusions. Finally, in Sect. 8.3, the model’s implications are summarised in connection with an outlook to possible extensions and future research.


Human Capital Output Growth Physical Capital Labour Unit Taylor Approximation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Caniëls MCJ (2000) Knowledge spillovers and economic growth – regional growth differentials across Europe. Edward Elgar, CheltenhamGoogle Scholar
  2. Commendatore P, Kubin I, Petraglia C (2008) Productive public expenditure in a new economic geography model. Econ Int 114(2):133–160Google Scholar
  3. Ertur C, Koch W (2007) Growth, technological interdependence and spatial externalities: theory and evidence. J Appl Econom 22(6):1033–1062CrossRefGoogle Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Department of SocioeconomicsVienna University of Economics and Business, Institute for Economic Geography and GIScienceViennaAustria

Personalised recommendations