Cross-Country Output Convergence and Growth: Evidence from Varying Coefficient Nonparametric Method

Kui-Wai Li (), Xianbo Zhou and Zhewen Pan

MPRA Paper from University Library of Munich, Germany

Abstract: This article uses a nonparametric varying coefficient panel data model to study the convergence of real GDP per capita among 120 world economies for the sample period of 1980-2010. The estimates show that the indirect contribution of initial income via the control variables is important. The mediating effect of control variables to affect growth is positive. The conditional speed of convergence is larger than the absolute counterpart at all levels of initial income. The convergence hypothesis does not hold for economies with extremely low level of development. The conclusion is robust for regional sub-samples of Europe, Asia, Latin America and Africa.

Keywords: Convergence; growth; varying coefficient model; nonparametric (search for similar items in EconPapers)
JEL-codes: O1 O11 O5 O57 (search for similar items in EconPapers)
Date: 2016-02-03
New Economics Papers: this item is included in nep-fdg and nep-gro
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Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Cross-country output convergence and growth: Evidence from varying coefficient nonparametric method (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:69251

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