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Testing Convergence: A Panel Data Approach

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  • 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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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, Michael & Hsiao, Cheng & Pesaran, M. Hashem, 2005. "Estimation And Inference In Short Panel Vector Autoregressions With Unit Roots And Cointegration," Econometric Theory, Cambridge University Press, Cambridge University Press, vol. 21(04), pages 795-837, August.
  2. Philippe Casin, 2003. "Une analyse structurelle de la σ-convergence. Application aux pays de la zone euro," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 159(3), pages 39-52.
  3. Stephen Bond & Anke Hoeffler & Jonathan Temple, 2001. "GMM Estimation of Empirical Growth Models," Economics Papers, Economics Group, Nuffield College, University of Oxford 2001-W21, Economics Group, Nuffield College, University of Oxford.
  4. Christophe Hurlin & Valérie Mignon, 2006. "Une Synthèse des Tests de Racine Unitaire sur Données de Panel," Post-Print, HAL halshs-00078770, HAL.
  5. Andersson, Martin & Lööf, Hans, 2009. "Agglomeration and Productivity - evidence from firm-level data," Working Paper Series in Economics and Institutions of Innovation, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies 170, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  6. Marie-Eve Mulquin & Katja Senger, 2011. "Interregional transfers and economic convergence of regions," S�rie Politique Economique, Facult�s Universitaires Notre-Dame de la Paix, Centre de Recherches en Economie R�gionale et Politique Economique 58, Facult�s Universitaires Notre-Dame de la Paix, Centre de Recherches en Economie R�gionale et Politique Economique.
  7. 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.
  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. Guetat, Imene & Serranito, Francisco, 2007. "Income convergence within the MENA countries: A panel unit root approach," The Quarterly Review of Economics and Finance, Elsevier, Elsevier, vol. 46(5), pages 685-706, February.
  10. Théophile Azomahou & Jalal El Ouardighi & Phu Nguyen Van & Thi Kim Cuong Pham, 2006. "Estimation semi-paramétrique de la convergence des régions européennes," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 173(2), pages 97-110.
  11. Miguel A. Juárez & Mark F. J. Steel, 2010. "Non‐gaussian dynamic bayesian modelling for panel data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 25(7), pages 1128-1154, November/.
  12. 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, International Conferences on Panel Data D5-3, International Conferences on Panel Data.

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