On the potential pitfalls in estimating convergence by means of pooled and panel data
Carlo Bianchi () and
No 2004-EP02, Economics Department Working Papers from Department of Economics, Parma University (Italy)
We show that the use of pooled and panel data in estimating convergence across countries (or other territorial areas) may involve some pitfalls since this type of data cannot properly distinguish between actual convergence and the possibility of decreasing growth rates over time within each country (or geographical unit). We also show how the possible bias in the estimates can be eliminated.
Keywords: Convergence; growth; panel data; pooling (search for similar items in EconPapers)
JEL-codes: O41 O47 O49 (search for similar items in EconPapers)
Pages: 13 pages
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Journal Article: On the potential pitfalls in estimating β-convergence by means of pooled and panel data (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:par:dipeco:2004-ep02
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