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Productivity convergence and economic growth : a frontier production function approach

Cornwell, Christopher Mark; Wächter, Jens-Uwe - 1999

The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We examine whether departures from the frontier are...

Persistent link: https://www.econbiz.de/10010466016

Bayesian comparison of production function-based and time-series GDP models

Osiewalski, Jacek; Wróblewska, Justyna; Makieła, Kamil - In: Empirical economics : a journal of the Institute for … 58 (2020) 3, pp. 1355-1380

Persistent link: https://www.econbiz.de/10012219593

Are long-run output growth rates falling?

Li, Mengheng; Mendieta-Muñoz, Ivan - 2018

-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with …

Persistent link: https://www.econbiz.de/10011823990

You can't always get what you want? : estimator choice and the speed of convergence

Kufenko, Vadim; Prettner, Klaus - 2016

We propose theory-based Monte Carlo simulations to quantify the extent to which the estimated speed of convergence depends on the underlying econometric techniques. Based on a theoretical growth model as the data generating process, we find that, given a true speed of convergence of around 5%,...

Persistent link: https://www.econbiz.de/10011561221

Consistent estimation, model selection and averaging of dynamic panel data models with fixed effect

Li, Guangjie (contributor) - 2009

parameter estimation and consistent model selection. Consistency in parameter estimation is achieved by using the tansformation … consistent estimation of the autoregressive coefficient when the wrong set of exogenous regressors are included. To estimate our …. -- dynamic panel data model with fixed effect ; incidental parameter problem ; consistency in estimation ; model selection …