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Why do rates of convergence differ ? A meta-regression analysis

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Author Info
DOBSON, Steve
RAMLOGAN, Carlyn
STROBL, Eric

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Abstract

There have been many tests of the convergence hypothesis yielding many diffrent estimates of b (the speed of convergence). Narative reviews of the convergence literature hint at possible reasons for the study-to-study variation in the value of b, but such reviews are selective and informal. In contrast, meta-regression analysis provides a more formal and objective review of the literature. It is shown that study design and methodology are important determinants of the reported convergence rate, especially in cross-national studies. There is also evidence of general misspecification in the literature.

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Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2003020.

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Date of creation: 01 Mar 2003
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Handle: RePEc:cor:louvco:2003020

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Related research
Keywords: b-convergence; convergence hypothesis; meta-regression analysis; neo-classical growth theory;

Find related papers by JEL classification:
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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