How fast do economies converge?

Article Abstract:

The conventional equation used to determine how quickly economies converge requires restrictive conditions to produce consistent results. Using a new approach that applies weak conditions, convergence rates averaged 15.50% for the forty-eight contiguous states and 5.89% for forty-eight sample countries. Conventional methods have resulted in lower convergence rates. moreover, the new approach allows for results which are consistent with the neoclassical growth theory.

Econometrics & Model Building, Econometrics, Business models, Convergence (Mathematics)

---

Growth rates of per-capita income and aggregate welfare: an international comparison

Article Abstract:

An analysis of aggregate growth rates of per-capita GNP of 83 developing countries reveals that symmetric welfare function should be computed the way growth rates are computed accurately regardless of welfare weights. Performance comparisons using GNP data defined over a time series usually excludes welfare weights thus resulting in inaccurate comparisons of performance.

Economics, Research and Development in the Social Sciences and Humanities, Economic aspects, Developing countries, Gross national product, Income

---

Similar abstracts:

• Abstracts: Do economies converge? Evidence from a panel of U.S. states. The effects of monetary policy shocks: evidence from the flow of funds
• Abstracts: What have macroeconomists learned about business cycles from the study of seasonal cycles? On seasonal cycles, unit roots, and mean shifts
• Abstracts: Testing the convergence hypothesis: a comment. Employment effects of immigration to Germany: an analysis based on local labor markets
• Abstracts: Consistent model specification tests: omitted variables and semiparametric functional forms. Achieving semiparametric efficiency bounds in left-censored duration models
• Abstracts: On international and national dimensions of risk sharing. A comparison of job creation and job destruction in Canada and the United States

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