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Growth Empirics: A Panel Data Approach

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  • Islam, Nazrul

Abstract

A panel data approach is advocated and implemented for studying growth convergence. The familiar equation for testing convergence is reformulated as a dynamic panel data model and different panel data estimators are used to estimate it. The main usefulness of the panel approach lies in its ability to allow for differences in the aggregate production function across economies. This leads to results that are significantly different from those obtained from single cross-country regressions. In the process of identifying the individual 'country effect,' the point where neoclassical growth meets development economics can also be seen. Copyright 1995, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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Bibliographic Info

Article provided by MIT Press in its journal Quarterly Journal of Economics.

Volume (Year): 110 (1995)
Issue (Month): 4 (November)
Pages: 1127-70

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Handle: RePEc:tpr:qjecon:v:110:y:1995:i:4:p:1127-70

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  1. ?emu služi Obrazovanje – Odgovor prof. Šiki?u
    by cronomy in Cronomy on 2012-05-04 02:26:58
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