Balanced Growth and Output Convergence in Europe
AbstractUsing OECD quarterly data on consumption, output and investment from 1980, the balanced growth hypothesis is tested country by country for seven European economies, Belgium, Finland, France, Holland, Italy, Spain and the UK. Output series for each of the countries is then modelled as an output system and the hypothesis of convergence in trend output growth tested. Finally, the hypothesis of balanced growth and convergence, is tested in a system framework.
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Bibliographic InfoPaper provided by Department of Economics, University of Bristol, UK in its series Bristol Economics Discussion Papers with number 03/547.
Length: 12 pages
Date of creation: Jan 2003
Date of revision:
Convergence; Balanced Growth; Stochastic Trends;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
This paper has been announced in the following NEP Reports:
- NEP-DEV-2003-09-24 (Development)
- NEP-EEC-2003-09-24 (European Economics)
- NEP-MAC-2003-09-24 (Macroeconomics)
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