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Title: Three empirical essays on inputs, institutions and economic growth
Author: Dixon, Padraig
ISNI:       0000 0000 5136 0832
Awarding Body: University of Oxford
Current Institution: University of Oxford
Date of Award: 2006
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Chapter 1: From "Poorest of the Rich" to "Europe's Shining Light: Accounting for Growth in Ireland, 1980-2001. This chapter applies modern best-practice growth accounting techniques to understand Ireland's remarkable recent economic transformation. This is the first systematic and comprehensive application of growth accounting techniques devoted to examining Irish growth. Different explanations for rapid growth are assessed within this framework, and a variety of hypotheses regarding the sources and nature of the growth are tested. The results, which are compared to the findings of other studies, indicate that Ireland grew because of a substantial increase in labour input and an unprecedented increase in productivity. Chapter 2: A Dynamic heterogeneous Panel Approach to the Equipment- Investment Growth Nexus This chapter studies the relationship between per capita income growth and equipment investment for a broad sample of countries for the years 1960 to 1990. The original contribution of this chapter is to model the relationship between equipment and growth using recently developed econometric techniques that allow for slope and intercept heterogeneity, and to examine whether allowing for heterogeneity in this fashion alters the conclusions of prior research in this area. The results, generated by an equilibrium correction mechanism framework which allows for these forms of heterogeneity, do indicate that the conclusions of some of the earlier work regarding the relationship between equipment and growth may have been misplaced. Chapter 3: Did Labour Institutions Contribute to the Golden Age of Economic Growth? This chapter studies the "Golden Age" of economic growth, a period of rapid growth which took place in many industrialized economies after the second World War. Specifically, this chapter tests new theories concerning the influence of labour institutions in sustaining a macroeconomic environment characterized by high output growth, high investment, and rapid productivity growth. The chapter utilises a recently created of dataset labour institution variables, and models the relationship between economic growth and these variables in a dynamic panel which is estimated using the 3SLS systems estimator approach, which allows institutions to have a direct effect on growth as well as an indirect effect through their influence on investment. The results indicate that institutions did play a role in shaping the growth of this period.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available