Growth convergence: some panel data evidence

Michael Lee; Ritchard Longmire; Lászlo Mátyás; Mark Harris

doi:10.1080/000368498325336

Growth convergence: some panel data evidence

Michael Lee^*
, Ritchard Longmire
, Lászlo Mátyás
, Mark Harris

^*Corresponding author for this work

Monash University
Budapest University of Economics and Business
Universite Paris XII
University of Melbourne

Research output: Contribution to journal › Article › peer-review

Abstract (may include machine translation)

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 rate of about 2-4%.

Original language	English
Pages (from-to)	907-912
Number of pages	6
Journal	Applied Economics
Volume	30
Issue number	7
DOIs	https://doi.org/10.1080/000368498325336
State	Published - 1998
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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10.1080/000368498325336

Cite this

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title = "Growth convergence: some panel data evidence",

abstract = "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 rate of about 2-4\%.",

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AB - 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 rate of about 2-4%.

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DO - 10.1080/000368498325336

M3 - Article

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JO - Applied Economics

JF - Applied Economics

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Growth convergence: some panel data evidence

Abstract (may include machine translation)

UN SDGs

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