Per capita income convergence and the role of international trade

Article Abstract:

Papers by Sachs and Warner in 1995 and Ben-David in 1993 and 1996 correlate cross-country convergence of per capita income to international trade. They infer that trade helps in the convergence of per capita income in countries that are both connected, in some way, by trade and convergence. But trade between countries does not necessarily prove that trade aids the convergence of per capita income. More thorough work is needed to prove that trade and convergence of per capita income are connected.

International aspects, International trade, Income

---

I just ran two million regressions

Article Abstract:

Twenty-two variables in economic growth literature are identified to be robustly correlated to economic growth. Almost 2 million regressions are estimated without using the extreme-bounds test used by Ross Levine and David Renelt in 1992. A level of confidence is assigned to each variable, and the complete distribution of the estimators of Bz is considered. Two assumptions are made: that the distribution of the estimates of Bz across models is normal and not normal.

Economic development

---

Similar abstracts:

• Abstracts: Growth opportunities, corporate governance and the market value of multinational joint ventures. Just-Cause Provisions, Severance Pay, and the Efficiency Wage Hypothesis
• Abstracts: The endowment effect and the role of uncertainty. A general approach to rational learning in games. The CES-translog production function, returns to scale and AES
• Abstracts: Incomplete contracts and the governance of complex contractual relationships. Quality Uncertainty, Search, and Advertising
• Abstracts: For commercial claimants, compensation fund is not the only game in town. International law: credibility depends on Iraqi reparations
• Abstracts: Labor and the pace of privatization. Egypt moves on privatization. Current situation

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.