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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/605| Title: | Testing growth theories : time series evidence |
| Keywords: | C32 O47 ddc:330 development of per capita incomes cointegration analysis dynamic specification Wachstumstheorie Zeitreihenanalyse Theorie Industriestaaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Inst. of World Economics Kiel Kiel Working Papers 516 |
| Description: | Recent time series studies reject the hypothesis of catching up in terms of international per capita incomes as derived from the traditional neoclassical growth model. In turn, they seem to support new theories of economic growth which are capable of explaining persistent international differences in per capita incomes. In this paper I show that this finding is derived under a very restrictive econometric framework. Using a more flexible specification that allows for conditional convergence in per capita incomes and a gradual adjustment over time I derive results that are more favorable for the traditional growth model. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/605 |
| Other Identifiers: | http://hdl.handle.net/10419/605 ppn:042680239 |
| Appears in Collections: | EconStor |
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