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Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Quaderni di Dipartimento No. 102
Verlag: 
Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ), Pavia
Zusammenfassung: 
This paper aims to test the conjecture advanced in a recent work by Bianchi and Menegatti (2007) that usual !convergence panel regressions may produce biased evidence, due to their inability to distinguish between actual catching-up across countries and decreasing growth rates over time within countries. The test considers different sub-groups in a dataset of 72 countries for the period 1970-2000 and introduces both human capital and proxies for technological differences into the analysis. The results confirm the conjecture that traditional evidence about - convergence may be misleading; they also show that catching-up across countries is weaker than usually claimed and that this process occurred only in some sub-groups of countries.
Schlagwörter: 
Catching-up
Convergence
Economic Growth
Panel Estimation Techniques
JEL: 
C2
O11
O5
Dokumentart: 
Working Paper

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