Test Of The Convergence Hypothesis

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Test Of The Convergence Hypothesis

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Author : Daniel Cohen
language : en
Publisher:
Release Date : 1992

Test Of The Convergence Hypothesis written by Daniel Cohen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.

Tests Of The Convergence Hypothesis

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Author : Daniel Cohen
language : en
Publisher:
Release Date : 1992

Tests Of The Convergence Hypothesis written by Daniel Cohen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Convergence (Economics) categories.

Tests Of The Convergence Hypothesis

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Author : Daniel Cohen
language : en
Publisher:
Release Date : 1992

Tests Of The Convergence Hypothesis written by Daniel Cohen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with categories.

Interpreting Tests Of The Convergence Hypothesis

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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 1994

Interpreting Tests Of The Convergence Hypothesis written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Convergence categories.

This paper provides a framework for understanding the cross- section and time series approaches which have been used to test the convergence hypothesis. First, we present two definitions of convergence which capture the implications of the neoclassical growth model for the relationship between current and future cross-country output differences. Second, we identify how the cross-section and time series approaches relate to these definitions. Cross-section tests are shown to be associated with a weaker notion of convergence than time series tests. Third, we show how these alternative approaches make different assumptions on whether the data are well characterized by a limiting distribution. As a result, the choice of an appropriate testing framework is shown to depend on both the specific null and alternative hypotheses under consideration as well as on the initial conditions characterizing the data being studied

A Test Of The International Convergence Hypothesis Using Panel Data

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Author : Norman Loayza
language : en
Publisher: World Bank Publications
Release Date : 1994

A Test Of The International Convergence Hypothesis Using Panel Data written by Norman Loayza and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Comparative economics categories.

Test Of The Convergence Hypothesis Some Further Results

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Author : Daniel COHEN
language : en
Publisher:
Release Date : 1995

Test Of The Convergence Hypothesis Some Further Results written by Daniel COHEN and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.

Galton S Fallacy And Test Of The Convergence Hypothesis

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Author : Danny Quah
language : es
Publisher:
Release Date : 1993

Galton S Fallacy And Test Of The Convergence Hypothesis written by Danny Quah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

Testing The Convergence Hypothesis

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Author : Martin A. Carree
language : en
Publisher:
Release Date : 1998

Testing The Convergence Hypothesis written by Martin A. Carree and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.

In a recent paper Lichtenberg (1994) proposes a test of the convergence hypothesis that the variance of productivity across countries decreases over time. He argues that the ratio of the variance in the first period to that in the last period of the time series is F-distributed but overlooks the dependency between these two variances. As a consequence, probabilities of committing a type II error of incorrectly rejecting the convergence hypothesis are large. This problem manifests most strongly in short time periods. Lichtenberg, for example, rejects the convergence hypothesis for a data set of 22 OECD countries over the 1960-1985 period. Using two alternative test statistics, we claim that there is strong empirical evidence for convergence in that time period.

Test Of The Convergence Hypothesis Allowing For Cross Sectional Dependence

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Author : Keun-Yeob Oh
language : en
Publisher:
Release Date : 2012

Test Of The Convergence Hypothesis Allowing For Cross Sectional Dependence written by Keun-Yeob Oh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

A large empirical literature has investigated whether per capita output converges around a common trend across national and regional economies. The methods used in this literature assume no cross-sectional dependence even though it is likely to be present and might be important in practice. Chang has devised a promising method of testing for unit roots in heterogeneous panels with cross-sectional dependence. We apply her method to test whether convergence takes place across three samples of economies: 15 advanced industrial countries; a broader group of 57 countries; and the 48 contiguous US states. We find evidence of convergence for the 15 advanced industrial economies but no evidence of convergence across either the broad group of countries or the US states.

Galto S Fallacy And Tests Of The Convergence Hypothesis

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Author :
language : en
Publisher:
Release Date : 1993

Galto S Fallacy And Tests Of The Convergence Hypothesis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.