Growth Convergence: Some Panel Data Evidence

Xin Lee, R. Longmire, Laszlo Matyas () and Mark Harris

No 14/96, Monash 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 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: ECONOMIC GROWTH; CONVERGENCE (search for similar items in EconPapers)
JEL-codes: C33 O40 O41 (search for similar items in EconPapers)
Pages: 8 pages
Date: 1996
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Citations: View citations in EconPapers (9)

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Journal Article: Growth convergence: some panel data evidence (1998)
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