Growth Convergence: Some Panel Data Evidence

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 although 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%.


Issue Date:
Sep 01 1996
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
13
Series Statement:
Working Paper 14/96




 Record created 2018-02-06, last modified 2018-02-07

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