Add to ORKGThere are two sources of inconsistency inexisting cross-country empirical work on growth: correlated individual effects and endogenous explanatory variables. We estimate avariety of cross-country growth regressions using a generalized method of moments estimator that eliminates both problems. In one application, we find that per capita incomes converge to their steady-state levels at a rate of approximately 10 percent per year. This result stands in sharp contrast to the current consensus, which places the convergence rate at 2 percent. We discuss the theoretical implications of this finding. In another application, we perform a test of the Solow model. Again, contrary to prior reults, we reject both the standard and the augmented version o...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
By replicating earlier research in convergence theory, this thesis is seen as complement by applying...
This paper implements a panel data approach of the Solow model to study the phenomenon of growth con...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
The paper considers international per capita output and its growth using a panel of data for 102 cou...
This paper shows that the Solow model’s predictions are consistent with the data. The standard of li...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
By replicating earlier research in convergence theory, this thesis is seen as complement by applying...
This paper implements a panel data approach of the Solow model to study the phenomenon of growth con...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
There are two sources of inconsistency in existing cross-country empirical work on growth: correlate...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
The paper considers international per capita output and its growth using a panel of data for 102 cou...
This paper shows that the Solow model’s predictions are consistent with the data. The standard of li...
This paper shows that convergence occurs among countries with very low and very high initial incomes...
By replicating earlier research in convergence theory, this thesis is seen as complement by applying...
This paper implements a panel data approach of the Solow model to study the phenomenon of growth con...