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  1. A meta-analysis of beta-convergence
    the legendary two-percent

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 899 (2005.001)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Array ; 2005-001
    Schlagworte: Wirtschaftliche Konvergenz; Zeitreihenanalyse; Datenerhebung
    Umfang: 43 S, graph. Darst
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  2. A meta-analysis of beta-convergence
    the legendary two-percent
    Erschienen: 2005
    Verlag:  Tinbergen Inst., Rotterdam [u.a.]

    The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross-sectional... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 432 (2005,1)
    keine Fernleihe

     

    The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions, resulting in the widespread belief that the rate of convergence is a natural constant. We use meta-analysis to investigate whether there is substance to the ‘myth’ of the legendary 2% convergence rate, and to assess several unresolved issues of interpretation and estimation. Our dataset contains approximately 600 estimates taken from a random sample of empirical growth studies published in peer-reviewed journals. We show that publication bias does not interfere with the analysis, and that it is misleading to speak of a natural convergence rate, since estimates of different growth regression! s come from different populations. We find that correcting for the bias resulting from unobserved heterogeneity in technology levels leads to higher estimates of the rate of convergence. We also find that correcting for endogeneity in the explanatory variables has a substantial effect on the estimates, and that measures of financial and fiscal development are important determinants of long-run differences in per-capita income levels.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/86529
    Schriftenreihe: Array ; 2005,001
    Umfang: Online-Ressource (43 S.), graph. Darst.