Growth convergence: some panel data evidence
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Authors
Lee, M.
Longmire, R.
Mátyás, L.
Harris, Mark
Date
1998Type
Journal Article
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Lee, M. and Longmire, R. and Mátyás, L. and Harris, M. 1998. Growth convergence: some panel data evidence. Applied Economics. 30 (7): pp. 907-912.
Source Title
Applied Economics
ISSN
Faculty
Faculty of Business and Law
School
School of Economics, Finance and Property
Collection
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%.