Matyas, Laszlo; Konya, Laszlo; MaCquarie, Lachlan - In: Applied Economics Letters 5 (1998) 11, pp. 693-697
In this paper Kuznet's U-curve hypothesis is tested on two unbalanced panel data sets of 47 and 62 countries, for the period 1970-93, using two-way fixed and random effects models. Several competing model specifications are estimated and the one best fitting the data is selected by appropriate...