The paths of relative steady states of several economies

Gang Liu

Journal of Chinese Economic and Business Studies, 2009, vol. 7, issue 3, 381-400

Abstract: In this paper, an economy means a national economy; an economy's relative steady state means an economy's steady state of per-capita output relative to the mean of those of a broad set of economies. This paper provides a method used not only to get the path of an economy's relative steady state, but also to assess whether an economy's relative steady state changed between two given periods and whether an economy's relative steady state in a given period differed from another economy's in the same or a different given period. This paper also shows the paths of relative steady states of six economies (China, India, South Korea, Taiwan, Japan and USA) using the estimates of their relative steady states in four successive periods (1960s, 1970s, 1980s and 1990s). A comparison of the paths gives valuable information.

Keywords: steady state; relative steady state; test of the hypothesis of conditional convergence; Wald test; social infrastructure (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/14765280903073272 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jocebs:v:7:y:2009:i:3:p:381-400

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RCEA20

DOI: 10.1080/14765280903073272

Access Statistics for this article

Journal of Chinese Economic and Business Studies is currently edited by Professor Xiaming Liu

More articles in Journal of Chinese Economic and Business Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().