Pitfalls In Estimating ß-Convergence By Means Of Panel Data: An Empirical Test

Carluccio Bianchi (), Federica Calidoni () and Mario Menegatti
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Carluccio Bianchi: Department of Economics and Quantitative Methods, University of Pavia

No 102, Quaderni di Dipartimento from University of Pavia, Department of Economics and Quantitative Methods

Abstract: This paper aims to test the conjecture advanced in a recent work by Bianchi and Menegatti (2007) that usual !convergence panel regressions may produce biased evidence, due to their inability to distinguish between actual catching-up across countries and decreasing growth rates over time within countries. The test considers different sub-groups in a dataset of 72 countries for the period 1970-2000 and introduces both human capital and proxies for technological differences into the analysis. The results confirm the conjecture that traditional evidence about - convergence may be misleading; they also show that catching-up across countries is weaker than usually claimed and that this process occurred only in some sub-groups of countries.

Keywords: Catching-up; Convergence; Economic Growth; Panel Estimation Techniques. (search for similar items in EconPapers)
JEL-codes: C2 O11 O5 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2009-09
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Citations: View citations in EconPapers (1)

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http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/wpaper/q102.pdf (application/pdf)

Related works:
Journal Article: Pitfalls in estimating β-convergence by means of panel data: an empirical test (2009)
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