Search Results - subject:"Conditional convergence"

Sutton, Bennett; Lindow, Genevieve; Serra, Maria Isabel; … - International Monetary Fund (IMF) - 2006

This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states...

Persistent link: https://www.econbiz.de/10005769080

Heterogeneous Convergence

Young, Andrew; Higgins, Matthew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2006

We use US county-level data containing 3,058 cross-sectional observations and 41 conditioning variables to study economic growth and explore possible heterogeneity in growth determination across 32 individual states. Using a 3SLS-IV estimation method, we find that the convergence rates for 32...

Persistent link: https://www.econbiz.de/10005616933

Long term international GDP projections

Au Yeung, Wilson; Kouparitsas, Michael; Luu, Nghi; … - Treasury, Government of Australia - 2013

This paper develops a framework for projecting the GDP growth of Australia’s trading partners from 2012 to 2050. The framework draws heavily on the existing conditional growth literature, including long-standing estimates of key convergence parameters. It adds to the large amount of research...

Persistent link: https://www.econbiz.de/10010734311

Heterogeneous convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - In: Economics Letters 120 (2013) 2, pp. 238-241

We use US county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9% and the New York estimate is 3.3%. Convergence rates are essentially uncorrelated with income levels.

Persistent link: https://www.econbiz.de/10010678840

Heterogeneous Convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - Department of Economics, Bar Ilan University - 2013

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.

Persistent link: https://www.econbiz.de/10010635929

Long-Term Growth Scenarios

Johansson, Åsa; Guillemette, Yvan; Murtin, Fabrice; … - Economics Department, Organisation de Coopération et … - 2013

This paper presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is...

Persistent link: https://www.econbiz.de/10011276784

Heterogeneous convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel C. - In: Economics letters 120 (2013) 2, pp. 238-241

Persistent link: https://www.econbiz.de/10010128328

Convergence in state and local spending on education : are lotteries ear marked for education the key?

Pjesky, Rex J. - In: Journal of business & economics research 11 (2013) 3, pp. 137-146

Persistent link: https://www.econbiz.de/10009732901

Growth and Convergence across the US: Evidence from County-Level Data

Higgins, Matthew J.; Levy, Daniel; Young, Andrew T. - 2005

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...

Persistent link: https://www.econbiz.de/10013204752

Using panel unit root tests to evaluate the income convergence hypothesis in middle East and North Africa countries

Guetat, Imène; Serranito, Francisco - HAL - 2005

break in the unit root tests, the hypothesis is accepted for more groups. The conditional convergence requires panel unit … root tests with fixed individual effects. Again, during the whole periods, the conditional convergence is accepted for the … convergence and sample bias of the multivariate cointegration techniques. We test both the absolute and the conditional …

Persistent link: https://www.econbiz.de/10010750695