@techreport{02933b3eb4e0405da2f43116d4e93e91,
title = "Growth Regression and Economic Theory",
abstract = "In this note we show that the standard, loglinear growth regression specificationis consistent with one and only one model in the class of stochastic Ramsey models. Thismodel is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciationrate and it implies that risk does not affect investment behavior.",
author = "Chris Elbers and Gunning, {Jan Willem}",
year = "2002",
language = "English",
series = "Discussion paper TI",
publisher = "Tinbergen Instituut",
number = "02-034/2",
type = "WorkingPaper",
institution = "Tinbergen Instituut",
}