Some Empirics on Economic Growth under Heterogeneous Technology

• Main Authors: PHILLIPS, Peter C. B., SUL, Donggyu
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2007
• Subjects: Convergence parameter; Conditional convergence; Determinants of growth; Economic growth; Growth convergence; Heterogeneity; Learning; Neoclassical economics; Speed of learning; Transition curve; Transitional divergence; Econometrics; Macroeconomics
• Online Access: https://ink.library.smu.edu.sg/soe_research/164; https://ink.library.smu.edu.sg/context/soe_research/article/1163/viewcontent/EmpiricsEconomicGrowth_JoM_2007.pdf
• Institution: Singapore Management University

A new econometric approach to testing for economic growth convergence is overviewed. The method is applicable to panel data, involves a simple regression based one-sided t-test, and can be used to form a clustering algorithm to assess the existence of growth convergence clubs. The approach allows fo...