A Simple Measure of Beta-Convergence

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A Simple Measure of Beta-Convergence

Author Info

Gerry Boyle; ()
Thomas McCarthy ()

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Gerard Eugene Boyle

Abstract

We propose a simple measure of beta-convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950-1988. We find evidence of sigma-convergence but little or no indication of beta-convergence over the period.

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Publisher Info
Paper provided by Department of Economics, Finance and Accounting, National University of Ireland - Maynooth in its series Economics, Finance and Accounting Department Working Paper Series with number n560495.

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Length: 8 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:may:mayecw:n560495

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Postal: Maynooth, Co. Kildare
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Article
- Boyle, G E & McCarthy, T G, 1997. "A Simple Measure of Beta-Convergence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 59(2), pages 257-64, May.

Find related papers by JEL classification:
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe

Cited by:
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Carmela Martin & Francisco J. Velazquez., 2001. "An Assessment of Real Convergence of Less Developed EU Members: Lessons for the CEEC Candidates," European Economy Group Working Papers 5, European Economy Group. [Downloadable!]
Gerry Boyle; & Tom McCarthy, 1997. "Simple Measures of Convergence in Per Capita GDP: A Note on Some Further International Evidence," Economics, Finance and Accounting Department Working Paper Series n751197, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth. [Downloadable!]
Other versions:
- Boyle, G E & McCarthy, T G, 1999. "Simple Measures of Convergence in Per Capita GDP: A Note on Some Further International Evidence," Applied Economics Letters, Taylor and Francis Journals, vol. 6(6), pages 343-47, June. [Downloadable!] (restricted)
Paul Bishop & Peter Gripaios, 2004. "Earnings biases and convergence in the UK: a county level analysis," Applied Economics Letters, Taylor and Francis Journals, vol. 11(1), pages 33-37, January. [Downloadable!] (restricted)
Yusuf Tashrifov, 2005. "The Effects of Market Reform on Cotton Production Efficiency. The Case of Tajikistan," International and Development Economics Working Papers idec05-8, International and Development Economics. [Downloadable!]
Ismael Sanz & Francisco J. Velazquez, 2001. "The evolution and convergence of the government expenditure composition in the OECD countries: an analysis of the functional distribution," European Economy Group Working Papers 9, European Economy Group. [Downloadable!]
Other versions:
- Ismael Sanz & Francisco J. Velázquez, 2001. "The evolution and convergence of the government expenditure composition in the OECD countries: an analysis of the functional distribution," Public Economics 0111005, EconWPA. [Downloadable!]

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