A Bayesian Exploration of Growth and Convergence

John Landon-Lane () and J.A. Quinn

Working Papers from New South Wales - School of Economics

Abstract: The topic of economic growth and convergence of countries has been an active topic in the 1990's. This paper investigates the question of whether there is any empirical evidence that countries are converging, with respect to their relative incomes, over time. To test for convergence, the evolution of the relative income for a country is modelled as a first-order Markov Chain.

Keywords: ECONOMIC GROWTH; ECONOMETRICS; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: C1 E0 O4 (search for similar items in EconPapers)
Pages: 42 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:99/12

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