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Income convergence: the Dickey-Fuller test under the simultaneous presence of stochastic and deterministic trends

Gómez, Manuel; Ventosa-Santaulària, Daniel - Volkswirtschaftliche Fakultät, … - 2007

We investigate the efficiency of the Dickey-Fuller (DF) test as a tool to examine the convergence hypothesis. In doing … deterministic and stochastic trends. This issue may explain the lack of support for the convergence hypothesis in the aforementioned …

Persistent link: https://www.econbiz.de/10011107709

Inequality, Growth, and Overtaking

Sugimoto, Yoshiaki - EconWPA - 2005

. It is also shown that divergence or convergence may arise instead of overtaking, depending on the initial levels of …

Persistent link: https://www.econbiz.de/10005556070

Divergence and convergence : Paul Samuelson on economic development

Boianovsky, Mauro - 2019

divergence between developed and underdeveloped economies. …

Persistent link: https://www.econbiz.de/10011995797

Why was the Participation of Indian States in the Growth Turnaround so Patchy? Some Evidence Based on Robustness Analysis

Ghate, Chetan; Wright, Stephen - eSocialSciences - 2012

In Ghate & Wright Journal of Development Economics, vol. 99 (2012) pp 58â€“67, it was noted that there was considerable variation in the extent to which different Indian states participated in the Great Indian Growth Turnaround. In this paper it is investigated whether there was any...

Persistent link: https://www.econbiz.de/10011133233

Knowledge and Growth in the Very Long Run

Strulik, Holger - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2010

Great Divergence, the failure of less developed countries to attract capitalfrom abroad, and a productivity slowdown in …

Persistent link: https://www.econbiz.de/10009302602

China's March to Prosperity: Reforms to Avoid the Middle-income Trap

Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Persistent link: https://www.econbiz.de/10011277005

Long-run growth patterns within Asian NIEs: Empirical analysis based on the panel unit root test, allowing the heterogeneity of time trend and endogenous multiple structural breaks

Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2008

This study examines whether or not the convergence of per capita output—which is categorized as catching-up and long …-run convergence, defined by Oxley and Greasley (1995)—exists within Asian newly industrializing economies (Asian NIEs), namely, Hong …-run convergence, whereas Korea and Taiwan are yet to converge with Hong Kong. …

Persistent link: https://www.econbiz.de/10005260211

Growth Accounting, Growth Theory and the East Asian Miracle

Robertson, P.E. - School of Economics, UNSW Business School - 1998

This paper develops a method for interpreting growth accounting studies in terms of the neoclassical growth model. In particular it shows that the growth accounting contribution of capital reflects the distance of the economy form its steady state income level. The method is applied to studies...

Persistent link: https://www.econbiz.de/10005776959

Productivity and Convergence in India: State Level Analysis

Kumar, Surender; Managi, Shunsuke - Volkswirtschaftliche Fakultät, … - 2009

, the productivity growth is governed by the growth in technical progress. We also study about convergence in state level … and find a tendency of convergence in productivity growth though only states that are efficient remain on the production …

Persistent link: https://www.econbiz.de/10008534239

Diminshed Returns? The Role of Savings and Investment Rates in East Asia's Miracle.

Robertson, P.E. - School of Economics, UNSW Business School - 1998

The causes of growth in East Asia remain controversial despite substantial empirical research. In this paper I adopt the neoclassical growth model as the maintained hypothesis, and decompose growth into the exogenous variables of the neoclassical model. It is shown that the role of increased...

Persistent link: https://www.econbiz.de/10005035780