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A Pair-Wise Approach to Testing for Output and Growth Convergence

Pesaran, M. Hashem - CESifo - 2004

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …

Persistent link: https://www.econbiz.de/10005766053

A Pair-Wise Approach to Testing for Output and Growth Convergence

Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2004

Persistent link: https://www.econbiz.de/10005566528

Is there a debt-threshold effect on output growth?

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2015

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. On the theoretical side, we develop tests for threshold effects in the...

Persistent link: https://www.econbiz.de/10011292965

Identifying global and national output and fiscal policy shocks using a GVAR

Chudik, Alexander; Pesaran, M. Hashem; Mohaddes, Kamiar - 2019

The paper contributes to the growing global VAR (GVAR) literature by showing how global and national shocks can be identified within a GVAR framework. The usefulness of the proposed approach is illustrated in an application to the analysis of the interactions between public debt and real output...

Persistent link: https://www.econbiz.de/10011956353

Debt, inflation and growth : robust estimation of long-run effects in dynamic panel data models

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2013

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both theoretical and empirical. On the theoretical side, we develop a cross-sectionally augmented distributed lag (CS-DL) approach to the estimation of long-run effects in dynamic...

Persistent link: https://www.econbiz.de/10010212372