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Growth Convergence: Some Panel Data Evidence

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Author Info
Lee, M.
Longmire, R.
Matyas, L.
Harris, M.

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Abstract

This paper implements a panel data approach of the Solow model to study the phenomenon of growth convergence for 22 OECD countries. It shows that the derived estimable Solow model is probably underspecified from an econometric point of view, it is still possible to conclude that there is a likely convergence to a steady state of a rate about 2-4%.

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Publisher Info
Paper provided by Monash University, Department of Econometrics and Business Statistics in its series Monash Econometrics and Business Statistics Working Papers with number 14/96.

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Length: 8 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:msh:ebswps:1996-14

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Related research
Keywords: ECONOMIC GROWTH; CONVERGENCE;

Find related papers by JEL classification:
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data

Cited by:
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  1. Artelaris, Panagiotis & Arvanitidis, Paschalis & Petrakos, George, 2008. "Convergence Patterns in the World Economy: Exploring the Non-Linearity Hypothesis," Papers DYNREG32, Economic and Social Research Institute (ESRI). [Downloadable!]
  2. DOBSON, Steve & RAMLOGAN, Carlyn & STROBL, Eric, 2003. "Why do rates of convergence differ ? A meta-regression analysis," CORE Discussion Papers 2003020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
  3. Juarez, Miguel A. & Steel, Mark F. J., 2006. "Non-Gaussian dynamic Bayesian modelling for panel data," MPRA Paper 450, University Library of Munich, Germany. [Downloadable!]
  4. Kangasharju, Aki & Pehkonen, Jaakko, 1999. "Employment-output link in Finland: evidence from regional-level data," ERSA conference papers ersa99pa304, European Regional Science Association. [Downloadable!]
  5. Aiello, Francesco & Pupo, Valeria, 2009. "Structural Funds and Economic Divide in Italy," MPRA Paper 17853, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  6. Julia Worz, 2004. "Skill Intensity in Foreign Trade and Economic Growth," Tinbergen Institute Discussion Papers 04-059/2, Tinbergen Institute. [Downloadable!]
  7. Changkyu Choi, 2004. "Foreign direct investment and income convergence," Applied Economics, Taylor and Francis Journals, vol. 36(10), pages 1045-1049, June. [Downloadable!] (restricted)
  8. Max Gillman & Mark N. Harris, 2004. "Inflation, Financial Development and Endogenous Growth," Monash Econometrics and Business Statistics Working Papers 24/04, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
Statistics
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