Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46826
Authors: 
Paqué, Karl-Heinz
Year of Publication: 
1995
Series/Report no.: 
Kiel Working Paper 700
Abstract (Translated): 
This paper is a preliminary appraisal ofthe stylised facts and the major open questions - both methodological and Substantive - that have emerged in the empirical literature on international per-capita income and productivity convergence. On basis of various distinctivc lines of reasoning, it is argued that the evidence infavour ofthe convergence hypothesis that has been gained on basis of Barro-type regressions is (i) econometrically unconvincing due to major methodological fallacies and (ii) not really helpful for discriminating between neoclassical and endogenous growth models.
JEL: 
O
O4
O40
O47
Document Type: 
Working Paper

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