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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

An Examination of the Convergence in the Output of South American Countries: The Influence of the Region’s Integration Projects

Bolanos, Andrea Bonilla - Groupe d'Analyse et de Théorie Économique Lyon … - 2014

and improve citizens’ living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy … definitions of convergence and common trends, the presented evidence supports the existence of common long-run trends driving … output in South America, meaning that the region is involved in a dynamic process of convergence in living standards. …

Persistent link: https://www.econbiz.de/10010930314

Estimating the Speed of Convergence in the Neoclassical Growth Model: An MLE Estimation of Structural Parameters Using the Stochastic Neoclassical Growth Model, Time-Series Data, a...

Swaine, Daniel G. - Department of Economics and Accounting, College of the … - 2008

countries. Economists have used the disequilibrium adjustment property of growth models to justify the view that convergence … parameters of a growth model that has the conditional convergence property and then computing the speed of convergence implied by … a stochastic neoclassical growth model and compute the speed of conditional convergence in the non-stochastic model from …

Persistent link: https://www.econbiz.de/10004990451

Türkiye’de enerji tüketimi ve ekonomik büyüme: 1960-2000

ŞENGÜL, Seda; TUNCER, İsmail - In: Iktisat Isletme ve Finans 21 (2006) 242, pp. 69-80

Sanayileşme ve kentleşme ile birlikte iktisadi faaliyetlerde enerji kullanımı giderek artmaktadır. Bu nedenle enerji tüketimi ve ekonomik büyüme arasındaki nedensellik ilişkileri uygulanacak enerji politikaları açısından önemlidir. Bu çalışmada, ticari enerji kullanımı, reel...

Persistent link: https://www.econbiz.de/10005489658

The Relationship between Energy Consumption and GDP: Evidence from a Panel of 10 Latin American Countries

Campo, Jacobo; Sarmiento, Viviana - In: Latin American Journal of Economics-formerly Cuadernos … 50 (2013) 2, pp. 233-255

We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni’s (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund’s (2006) cointegration...

Persistent link: https://www.econbiz.de/10011082578

Electricity consumption, exports, and economic growth in the democratic republic of Congo: an Ardl-bounds testing approach

Odhiambo, Nicholas M. - In: Journal of Developing Areas 48 (2014) 4, pp. 189-207

In this paper we examine the causal relationship between electricity consumption, exports and economic growth in the DRC, using the newly developed ARDL-bounds testing approach. In order to account for the omission-of-variable bias, the study incorporates exports as an intermittent variable...

Persistent link: https://www.econbiz.de/10011213022

The Relationship between Energy Consumption and GDP : Evidence from a Panel of 10 Latin American Countries

Campo Robledo, Jacobo Alberto - 2015

We estimate the elasticity of the long-run relationship between energy consumption and GDP for 10 countries in Latin America from 1971 to 2007. We employ Pedroni's (1999, 2004) panel cointegration test to determine if such a long-run relationship exists. Westerlund's (2006) cointegration test...

Persistent link: https://www.econbiz.de/10013030212

The Effects of Oil Prices on Inflation and Growth : Time Series Analysis in Turkish Economy for 1988:01-2013:04 Period

Kargi, Bilal - 2014

In this study, the analysis was that the capacity of creating inflation depends on oil prices as the one of energy types that is a major input of aggregate output which becomes a source of economic growth with increasing in costs. The aggregate output is also a function of energy that is the one...

Persistent link: https://www.econbiz.de/10013053710

Going up and down : rethinking the empirics of growth in the developing and newly industrialized world

Lamperti, Francesco; Mattei, Clara Elisabetta - 2016 - This version: January 2016

growth phases. Results show that expansionary regimes are associated with convergence and positive correlation between growth …

Persistent link: https://www.econbiz.de/10011412222

Do regional house prices converge or diverge in China?

Mao, Guangyu - In: China economic journal : the official journal of the … 9 (2016) 2, pp. 154-166

Persistent link: https://www.econbiz.de/10011585336