Abstract
This paper develops a method to re-examine β-convergence empirically by using panel data. First, a sampling of countries is conducted, according to the stage of economic growth, for production function estimation, and countries are divided into the following three subsamples: a high initial income subsample, a low initial income and high growth rate subsample, and a low initial income and low growth rate subsample. Second, we estimate a convergence process for each subsample. The coefficient restrictions in the Solow model were maintained only for the low initial income and high growth rate subsample. J. Japan. Int. Econ., September 2001, 15(3), pp. 323–340. Department of Economics, Fukushima University, Matsukawa, Fukushima, 960–1296, Japan. Copyright 2001 Academic Press.Journal of Economic Literature Classification Numbers: O30, O40, O50.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Journal of The Japanese and International Economies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.