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Convergence: A Story of Quantiles and Spillovers

Author

Listed:
  • Philip Kostov

    (Lancashire Business School - UCLAN - University of Central Lancashire [Preston])

  • Julie Le Gallo

    (CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

Abstract

In this paper, we revisit the analysis of cross-country convergence by combining spatial econometrics and panel quantile regressions to estimate conditional β-convergence models. Moreover, we use both exogenous and endogenous weight matrices. Our results show that indeed the effects of initial per capita income, investment rate, population growth and human capital on growth rates vary considerably across the estimated quantiles. Convergence is not a generalized phenomenon across the conditional growth distribution. Moreover, while using exogenous spatial weight matrices does not substantially alter the findings found in a-spatial models, it appears that endogenous weights dramatically affect the estimates of the convergence process.

Suggested Citation

  • Philip Kostov & Julie Le Gallo, 2015. "Convergence: A Story of Quantiles and Spillovers," Post-Print hal-01868567, HAL.
    • Handle: RePEc:hal:journl:hal-01868567
    DOI: 10.1111/kykl.12093
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    Cited by:

    1. Yuan, Zihao & Lee, Chien-Chiang & He, Zhi-Wen, 2025. "How does green finance improve food security? From the perspective of rural human capital," International Review of Economics & Finance, Elsevier, vol. 99(C).
    2. Cartone, Alfredo & Di Battista, Luca & Postiglione, Paolo, 2024. "A new approach for measuring poverty or social exclusion reduction in European NUTS 2 regions," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
    3. Philip Kostov & Julie Le Gallo, 2018. "What role for human capital in the growth process: new evidence from endogenous latent factor panel quantile regressions," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(5), pages 501-527, November.
    4. Dimitris KALLIORAS & Marie-Noëlle DUQUENNE & Stevi VAFEIADOU, 2018. "Sigma-Convergence revisited," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 47, pages 81-96.
    5. Cartone, Alfredo & Postiglione, Paolo & Hewings, Geoffrey J.D., 2021. "Does economic convergence hold? A spatial quantile analysis on European regions," Economic Modelling, Elsevier, vol. 95(C), pages 408-417.

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