Economic Transition and Growth

• Main Authors: Peter C. B. PHILLIPS, Sul, D.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Panel - data approach; Convergence hypothesis; Productivity growth; Tests; Empirics; Income; Regression; Poverty; Welfare; Clubs; Econometrics
• Online Access: https://ink.library.smu.edu.sg/soe_research/1816
• Institution: Singapore Management University

Some extensions of neoclassical growth models are discussed that allow for cross-section heterogeneity among economies and evolution in rates of technological progress over time. The models offer a spectrum of transitional behavior among economies that includes convergence to a common steady-state p...