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Economic Growth Panel

field v1.0.0 Agent-extracted

Determinants of long-run economic growth including physical capital accumulation, human capital, population growth, and total factor productivity. Built on Solow (1956), Barro (1991), and Mankiw-Romer-Weil (1992).

Download .pax.tar.gz 1.6 KB

Domain: Economic Growth & Productivity

Determinants of long-run economic growth including physical capital, human capital, technology, and institutions

Period: 1950-present Population: Countries worldwide Level: macro

Overview

6
Constructs
4
Engines

Constructs

gdp_per_capita GDP Per Capita

Total economic output divided by population, measured in constant purchasing power parity dollars. The standard measure of average material living standards across countries.

physical_capital Physical Capital Accumulation

The stock of produced means of production including machinery, equipment, structures, and infrastructure. Accumulated through investment (savings) and depreciated over time.

human_capital Human Capital

The stock of knowledge, skills, and health embodied in the labor force. Accumulated through education, training, and health investment.

population_growth_rate Population Growth Rate

Annual rate of change in total population, including natural increase and net migration. In growth models, higher population growth dilutes per-capita capital.

total_factor_productivity Total Factor Productivity

The portion of output not explained by the quantity of inputs used in production. Reflects technological progress, efficiency, and institutional quality.

convergence_rate Convergence Rate

The speed at which poorer economies catch up to richer ones in terms of per-capita income, conditional on structural characteristics.

Engines

ols_regression ridge_regression correlation_matrix instrumental_variables

Tags

field

Details

Domain: Economic Growth & Productivity

Determinants of long-run economic growth including physical capital, human capital, technology, and institutions

Temporal scope: 1950-present | Population: Countries worldwide

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Installation

Install this PAX into your Praxis instance:

praxis_import_pax("economic-growth-panel.pax.tar.gz", install=True)