Growth Convergence: Some Panel Data Evidence.

This paper implements a panel data approach of the Solow model to study the phenomenon of growth convergence for 22 OECD countries. It shows that the derived estimable Solow model is probably underspecified from an econometric point of view, it is still possible to conclude that there is a likely convergence to a steady state of a rate about 2-4%.

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Year of publication:	1996
Authors:	Lee, M. ; Longmire, R. ; Matyas, L. ; Harris, M.
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	ECONOMIC GROWTH \| CONVERGENCE

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Series:	Monash Econometrics and Business Statistics Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 14/96 8 pages
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; O41 - One, Two, and Multisector Growth Models ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005087587