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Galton's Fallacy and Economic Convergence

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Listed:
  • Cannon, Edmund S
  • Duck, Nigel W

Abstract

Friedman (1992) argues that regressing cross-country income changes on their final levels can be informative about sigma-convergence (the tendency for the dispersion of income levels to narrow) whereas a similar regression on initial levels of income cannot be. In this note we show that Bliss's (1999) dismissal of this argument is in error. Copyright 2000 by Oxford University Press.

Suggested Citation

  • Cannon, Edmund S & Duck, Nigel W, 2000. "Galton's Fallacy and Economic Convergence," Oxford Economic Papers, Oxford University Press, vol. 52(2), pages 415-419, April.
  • Handle: RePEc:oup:oxecpp:v:52:y:2000:i:2:p:415-19
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    1. repec:een:camaaa:2004-9 is not listed on IDEAS
    2. Gary S. Becker & Tomas J. Philipson & Rodrigo R. Soares, 2005. "The Quantity and Quality of Life and the Evolution of World Inequality," American Economic Review, American Economic Association, vol. 95(1), pages 277-291, March.
    3. Peter Egger & Michael Pfaffermayr, 2009. "On Testing Conditional Sigma - Convergence," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(4), pages 453-473, August.
    4. Maliranta, Mika, 2001. "Productivity Growth and Micro-level Restructuring. Finnish experiences during the turbulent decades," Discussion Papers 757, The Research Institute of the Finnish Economy.
    5. Wodon, Quentin & Yitzhaki, Shlomo, 2006. "Convergence forward and backward?," Economics Letters, Elsevier, vol. 92(1), pages 47-51, July.
    6. Nicholas Apergis & Christina Christou & Stephen Miller, 2012. "Convergence patterns in financial development: evidence from club convergence," Empirical Economics, Springer, vol. 43(3), pages 1011-1040, December.
    7. Juan Carlos Odar Zagaceta, 2002. "Convergencia y polarización. El caso Peruano: 1961 - 1996," Estudios de Economia, University of Chile, Department of Economics, vol. 29(1 Year 20), pages 47-70, June.
    8. Bode, Eckhardt, 2001. "Is regional innovative activity path-dependent? An empirical analysis for Germany," Kiel Working Papers 1058, Kiel Institute for the World Economy (IfW).
    9. Patrick McAllister, 2001. "Convergence in European Real Estate Markets: Theoretical Perspectives and Empirical Evidence," ERES eres2001_225, European Real Estate Society (ERES).
    10. Andrea Bonilla Bolanos, 2014. "An Examination of the Convergence in the Output of South American Countries: The Influence of the Region’s Integration Projects," Working Papers 1424, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    11. Shahram Amini & Michele Battisti & Christopher F. Parmeter, 2011. "Decomposing The Conditional Variance of Cross-Country Output," Working Papers 2011-18, University of Miami, Department of Economics.
    12. Andrea Vaona, 2006. "Merging the Purchasing Power Parity and the Phillips Curve Literatures: Regional Evidence from Italy," Working Papers 33/2006, University of Verona, Department of Economics.
    13. Andrea Bonilla, 2014. "An Examination of the Convergence in the Output of South American Countries: The Influence of the Region's Integration Projects," Working Papers halshs-01069353, HAL.
    14. Melanie Rapino & Benjamin Spaulding & Dean M. Hanink, 2006. "Have Per Capita Earnings and Income Converged across New England?," Growth and Change, Wiley Blackwell, vol. 37(4), pages 620-637.
    15. Branko Milanovic, 2003. "Income Convergence During The Disintegration Of The World Economy 1919-39," Economic History 0303002, EconWPA.
    16. repec:rjr:romjef:v::y:2017:i:3:p:130-149 is not listed on IDEAS
    17. Amini, Shahram & Battisti, Michele & Parmeter, Christopher F., 2017. "Decomposing changes in the conditional variance of GDP over time," Economic Modelling, Elsevier, vol. 61(C), pages 376-387.

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