Vollmer, Sebastian; Holzmann, Hajo; Weisbrod, Julian - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2010
We analyze the cross-national distribution of GDP per capita and its evolutionfrom 1970 to 2003. We argue that peaks are not a suitable measure for distinctgrowth regimes, because the number of peaks is not invariant under strictlymonotonic transformations of the data (e.g. original vs. log...