Growth Convergence: Some Panel Data Evidence
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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| Length: | 8 pages |
| Date of creation: | 1996 |
| Handle: | RePEc:msh:ebswps:1996-14 |
| Contact details of provider: | Postal: PO Box 11E, Monash University, Victoria 3800, Australia Phone: +61 3 99052489 Fax: +61 3 99055474 Web page: http://business.monash.edu/econometrics-and-business-statistics Email: More information through EDIRC
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| Order Information: | Web: http://business.monash.edu/econometrics-and-business-statistics Email: |
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