Growth Convergence: Some Panel Data Evidence

Michael Lee, Ritchard Longmire, Laszlo Matyas and Mark Harris

No 267916, Department of Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: This paper implements a panel data approach of the Solow model to study the phenomenon of growth convergence for 22 OECD countries. It shows that although the derived estimable Solow model is probably underspecified from an econometric point of view, it is still possible to conclude that there is a likely convergence to a steady state of a rate about 2-4%.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 13
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Persistent link: https://EconPapers.repec.org/RePEc:ags:monebs:267916

DOI: 10.22004/ag.econ.267916

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