Rattrapage technologique et convergence: un test par les séries temporelles dans le cas des pays de la région MENA

Francisco Serranito

Revue d’économie du développement, 2010, vol. 18, issue 2, 5-45

Abstract: Stochastic convergence implies that the convergence hypothesis will be rejected if the income differential is not stationary. However, this definition is valid only if the convergence process between the two countries is already over. If we take into account the possibility of a catching-up then poorest countries should obtain a faster growth than developed countries. So income gaps should integrate deterministic decreasing trends. We formalize this intuition theoretically using a stochastic neoclassical growth model with heterogeneous technology. We then apply this model to the issue of per capita GDP catching-up of eight MENA countries towards the level of income in Europe. We approximate the nonlinear deterministic trend by a linear function with break and apply the unit root test with two breaks endogenous.

Keywords: Per capita income convergence; catching-up; stochastic growth; technological diffusion function; unit root with breaks (search for similar items in EconPapers)
Date: 2010
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