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Testing Convergence: A Panel Data Approach

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Author Info

  • Guillaume GAULIER
  • Christophe HURLIN
  • Philippe JEAN-PIERRE

Abstract

This paper briefly presents new empirical tests of the convergence hypothesis based on panel data. We apply a modified Evans and Karras [1996] testing procedure to three samples (Europe, OECD and World). We propose a nested tests procedure to characterize various convergence processes: absolute or conditional, with or without a common speed of convergence. In the conditional convergence context, we are particularly concerned with the information included in individual effects. We find evidence supporting the existence of an absolute and common convergence process for per capita GDP in the European Union sample (1960-1990). As concerns the OECD sample, structural disparities imply only a conditional convergence process occurring at country-specific speeds. For our World sample (86 countries) there is no convergence process at all. For OECD countries, a first study of fixed effects is proposed. It shows that only the private and public investment ratios are significantly linked to those unobservable structural disparities.

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File URL: http://www.jstor.org/stable/20076205
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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (1999)
Issue (Month): 55-56 ()
Pages: 411-427

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Handle: RePEc:adr:anecst:y:1999:i:55-56:p:16

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Cited by:
  1. Binder, M. & Hsaio, C. & Pesaran, M.H., 2000. "Estimation and Inference in Short Panel Vector Autoregressions with Unit Roots and Cointegration," Cambridge Working Papers in Economics 0003, Faculty of Economics, University of Cambridge.
  2. Juarez, Miguel A. & Steel, Mark F. J., 2006. "Non-Gaussian dynamic Bayesian modelling for panel data," MPRA Paper 450, University Library of Munich, Germany.
  3. Bond, Stephen Roy & Hoeffler, Anke & Temple, Jonathan, 2001. "GMM Estimation of Empirical Growth Models," CEPR Discussion Papers 3048, C.E.P.R. Discussion Papers.
  4. Marie-Eve Mulquin & Katja Senger, 2011. "Interregional transfers and economic convergence of regions," S�rie Politique Economique 58, Facult�s Universitaires Notre-Dame de la Paix, Centre de Recherches en Economie R�gionale et Politique Economique.
  5. Rodolfo Cermeño, 2002. "Growth convergence clubs: Evidence from Markov-switching models using panel data," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 D5-3, International Conferences on Panel Data.
  6. Guetat, Imene & Serranito, Francisco, 2007. "Income convergence within the MENA countries: A panel unit root approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(5), pages 685-706, February.
  7. Martin Andersson & Hans Lööf, 2011. "Agglomeration and productivity: evidence from firm-level data," The Annals of Regional Science, Springer, vol. 46(3), pages 601-620, June.
  8. Angelos Liontakis & Christos T. Papadas & Irene Tzouramani, 2011. "Regional Economic Convergence in Greece: A Stochastic Dominance Approach," ERSA conference papers ersa10p1188, European Regional Science Association.
  9. Niang, Abdou-Aziz & Pichery, Marie-Claude & Edjo, Marcellin, 2010. "Convergence test in the presence of structural changes: an empirical procedure based on panel data with cross-sectional dependence," MPRA Paper 23452, University Library of Munich, Germany.

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