A Simple Measure of Beta-Convergence

We propose a simple measure of beta-convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950-1988. We find evidence of sigma-convergence but little or no indication of beta-convergence over the period.

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Year of publication:	1995
Authors:	Boyle, Gerry ; McCarthy, Thomas
Institutions:	Department of Economics, National University of Ireland
Subject:	Beta Convergence \| Sigma Convergence \| Ranking \| Income Distributions

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Series:	Economics, Finance and Accounting Department Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	8 pages
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; O50 - Economywide Country Studies. General ; O51 - U.S.; Canada ; O52 - Europe
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005207365