Dobson, Stephen; Ramlogan-Dobson, Carlyn; Strobl, Eric - In: International Review of Applied Economics 26 (2012) 3, pp. 417-424
In the traditional empirical convergence literature, a negative coefficient on initial income in a cross-country growth regression is interpreted as evidence of poor countries growing faster than richer ones. A key assumption in this work is that the relationship between initial income and...