Balanced Growth and Output Convergence in Europe

Clifford L.F. Attfield ()

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: Using OECD quarterly data on consumption, output and investment from 1980, the balanced growth hypothesis is tested country by country for seven European economies, Belgium, Finland, France, Holland, Italy, Spain and the UK. Output series for each of the countries is then modelled as an output system and the hypothesis of convergence in trend output growth tested. Finally, the hypothesis of balanced growth and convergence, is tested in a system framework.

Keywords: Convergence; Balanced Growth; Stochastic Trends (search for similar items in EconPapers)
JEL-codes: C32 C51 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2003-01
New Economics Papers: this item is included in nep-dev, nep-eec and nep-mac
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:03/547

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