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Using a simple stochastic growth model that nests both exogenous and endogenous growth, this paper shows that the growth rate should be mean stationary if growth is exogenous and difference stationary if growth is endogenous and any variable affecting the investment rate is difference...
Persistent link: https://www.econbiz.de/10014069462
growth path in the ex-communist block, both pre- and post-reform. We test whether there has been convergence within the block … and between the block as a group and the West. Surprisingly, there is little evidence of convergence within the communist … region under the communists. There is also little evidence of convergence with respect to the West, for the 1970–90 period …
Persistent link: https://www.econbiz.de/10005123521
-prefectures. Using the concept of relative convergence, we find that although the poor stay poor, the relative income gap will narrow …
Persistent link: https://www.econbiz.de/10005042216
growth path in the ex-communist block, both pre- and post-reform. We test whether there has been convergence within the block … and between the block as a group and the West. Surprisingly, there is little evidence of convergence within the communist … region under the communists. There is also little evidence of convergence with respect to the West, either 1970-1990 or under …
Persistent link: https://www.econbiz.de/10005677733
A method for using panel data to evaluate growth theories is formulated. This method enables endogenous growth models predicting that countries have different trend growth rates to be tested against exogenous growth models predicting that countries have parallel growth paths. This method is...
Persistent link: https://www.econbiz.de/10008602941
Previous research has shown a strong positive correlation between short-term persistence and long-term output growth as well as between depreciation rates and long-term output growth. This evidence, therefore, contradicts the standard predictions from traditional neoclassical or AK-type growth...
Persistent link: https://www.econbiz.de/10011145669
This paper presents an essay on empirical testing procedure for economic convergence. Referring to the unit root test … proposed by Moon and Perron (2004), we proposed a modified Evans (1996)testing procedure of the convergence hypothesis. The … procedure on OECD member countries and CFA zone member countries leads to accept the hypothesis of economic convergence for …
Persistent link: https://www.econbiz.de/10008564510
This paper presents an essay on empirical testing procedure for economic convergence. Referring to the unit root test … proposed by Moon and Perron (2004), we proposed a modified Evans (1996) testing procedure of the convergence hypothesis. The … procedure on OECD member countries and CFA zone member countries leads to accept the hypothesis of economic convergence for …
Persistent link: https://www.econbiz.de/10010693651
(VF)Nous proposons ici une modification de la procédure de test de convergence en panel d'Evans et Karras (1996). La … littérature empirique sur la convergence économique a tendance à ignorer les phénomènes d'interdépendances et de changement … structurel qui affectent l'équation de convergence alors que la théorie économique insiste beaucoup sur la nécessité de leurs …
Persistent link: https://www.econbiz.de/10010693653
(VF)Nous proposons ici une modification de la procédure de test de convergence en panel d'Evans et Karras (1996). La … littérature empirique sur la convergence économique a tendance à ignorer les phénomènes d'interdépendances et de changement … structurel qui affectent l'équation de convergence alors que la théorie économique insiste beaucoup sur la nécessité de leurs …
Persistent link: https://www.econbiz.de/10010693656