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The Econometrics of Convergence

In: Palgrave Handbook of Econometrics

Author

Listed:
  • Steven N. Durlauf
  • Paul A. Johnson
  • Jonathan R. W. Temple

Abstract

The presence or absence of convergence between rich and poor countries represents one of the most important questions in the new growth economics. New growth theories have been explicitly designed to explain forms of divergence which do not appear in their neoclassical counterparts. Despite substantial empirical work on convergence, there is no consensus as to whether it is present in cross-country data. This chapter surveys the econometrics of convergence as well as the range of empirical claims that have appeared. Particular attention is given to the relationship between statistical versus economic notions of convergence. We argue that the disparities in claims across empirical studies can to some extent be understood as reflecting inadequate attention to the relationship between the statistical and economic notions.

Suggested Citation

  • Steven N. Durlauf & Paul A. Johnson & Jonathan R. W. Temple, 2009. "The Econometrics of Convergence," Palgrave Macmillan Books, in: Terence C. Mills & Kerry Patterson (ed.), Palgrave Handbook of Econometrics, chapter 23, pages 1087-1118, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24440-5_23
    DOI: 10.1057/9780230244405_23
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    Citations

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    Cited by:

    1. Werner, Daniel, 2013. "Regional convergence analysis for skill-specific employment groups," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79706, Verein für Socialpolitik / German Economic Association.
    2. Bruno, Giuseppe & De Bonis, Riccardo & Silvestrini, Andrea, 2012. "Do financial systems converge? New evidence from financial assets in OECD countries," Journal of Comparative Economics, Elsevier, vol. 40(1), pages 141-155.
    3. Duncan, Roberto & Toledo, Patricia, 2018. "Long-run overweight levels and convergence in body mass index," Economics & Human Biology, Elsevier, vol. 31(C), pages 26-39.
    4. Werner, Daniel, 2013. "New insights into the development of regional unemployment disparities," IAB-Discussion Paper 201311, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    5. Breinlich, Holger & Ottaviano, Gianmarco I.P. & Temple, Jonathan R.W., 2014. "Regional Growth and Regional Decline," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 4, pages 683-779, Elsevier.
    6. Iñaki Permanyer & Nicolai Suppa, 2022. "Racing ahead or lagging behind? Territorial cohesion in human development around the globe," Regional Studies, Taylor & Francis Journals, vol. 56(12), pages 2086-2101, December.
    7. Duncan, Roberto & Toledo, Patricia, 2018. "Do overweight and obesity prevalence rates converge in Europe?," Research in Economics, Elsevier, vol. 72(4), pages 482-493.
    8. Stefano Magrini & Margherita Gerolimetto, 2015. "Spatial Distribution Dynamics," ERSA conference papers ersa15p1172, European Regional Science Association.
    9. Sanghamitra Bandyopadhyay, 2016. "The persistence of inequality across Indian states," Working Papers 74, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    10. Markus Eberhardt & Francis Teal, 2011. "Econometrics For Grumblers: A New Look At The Literature On Cross‐Country Growth Empirics," Journal of Economic Surveys, Wiley Blackwell, vol. 25(1), pages 109-155, 02.

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