Download or read book Test of the convergence Hypothesis written by Daniel Cohen and published by . This book was released on 1992 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Test of the International Convergence Hypothesis Using Panel Data written by Norman Loayza and published by World Bank Publications. This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Interpreting Tests of the Convergence Hypothesis written by Andrew B. Bernard and published by . This book was released on 1994 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a framework for understanding the cross- section and time series approaches which have been used to test the convergence hypothesis. First, we present two definitions of convergence which capture the implications of the neoclassical growth model for the relationship between current and future cross-country output differences. Second, we identify how the cross-section and time series approaches relate to these definitions. Cross-section tests are shown to be associated with a weaker notion of convergence than time series tests. Third, we show how these alternative approaches make different assumptions on whether the data are well characterized by a limiting distribution. As a result, the choice of an appropriate testing framework is shown to depend on both the specific null and alternative hypotheses under consideration as well as on the initial conditions characterizing the data being studied
Download or read book Tests of the Convergence Hypothesis written by Daniel Cohen and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Galton s fallacy and test of the convergence hypothesis written by Danny Quah and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book TEST OF THE CONVERGENCE HYPOTHESIS SOME FURTHER RESULTS written by Daniel COHEN and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Testing the Convergence Hypothesis written by Martin A. Carree and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a recent paper Lichtenberg (1994) proposes a test of the convergence hypothesis that the variance of productivity across countries decreases over time. He argues that the ratio of the variance in the first period to that in the last period of the time series is F-distributed but overlooks the dependency between these two variances. As a consequence, probabilities of committing a type II error of incorrectly rejecting the convergence hypothesis are large. This problem manifests most strongly in short time periods. Lichtenberg, for example, rejects the convergence hypothesis for a data set of 22 OECD countries over the 1960-1985 period. Using two alternative test statistics, we claim that there is strong empirical evidence for convergence in that time period.
Download or read book Test of the Convergence Hypothesis Allowing for Cross Sectional Dependence written by Keun-Yeob Oh and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large empirical literature has investigated whether per capita output converges around a common trend across national and regional economies. The methods used in this literature assume no cross-sectional dependence even though it is likely to be present and might be important in practice. Chang has devised a promising method of testing for unit roots in heterogeneous panels with cross-sectional dependence. We apply her method to test whether convergence takes place across three samples of economies: 15 advanced industrial countries; a broader group of 57 countries; and the 48 contiguous US states. We find evidence of convergence for the 15 advanced industrial economies but no evidence of convergence across either the broad group of countries or the US states.
Download or read book Tests of the Convergence Hypothesis written by Daniel Cohen and published by . This book was released on 1992 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Convergence Hypothesis written by Lezheng Liu and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we test the convergence hypothesis by using a revised 4-step procedure of panel unit root test suggested by Evans and Karras (1996). We use data on output for 24 OECD countries over 40 years long. Whether the convergence, if any, is conditional or absolute is also examined. According to a proposition by Baltagi, Bresson, and Pirotte (2005), we incorporate spatial autoregressive error into a fixed-effect panel model to account for not only the heterogeneous panel structure, but also spatial dependence, which might induce lower statistical power of conventional panel unit root test. Our empirical results indicate that output is converging among OECD countries. However, convergence is characterized as conditional. The results also report a relatively lower convergence speed compared to conventional panel studies.
Download or read book Galto s Fallacy and Tests of the Convergence Hypothesis written by and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrialization and Variation in Social Structure written by Stephen Jay Kobrin and published by . This book was released on 1975 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Convergence Hypothesis written by Fernando Orozco Ruiz and published by . This book was released on 1994 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrialization and Variation in Social Structure written by Stephen Jay Kobrin and published by Forgotten Books. This book was released on 2018-01-19 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Industrialization and Variation in Social Structure: An Empirical Test of the Convergence Hypothesis The author would like to thank Charles A. Myers and Clark Kerr for their comments and encouragement. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Total Factor Productivity and the Convergence Hypothesis written by Stephen M. Miller and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the convergence, or lack thereof, of total factor productivity and real GDP per worker for a pooled (cross-section, time-series) sample of developed and developing countries, adding breadth and depth to the convergence debate. We first estimate total factor productivity from a parsimonious specification of the aggregate production function involving output per worker, capital per worker, and the labor force, both with and without the stock of human capital. Then we test for absolute and conditional convergence of total factor productivity and real GDP per worker, using cross-section and cross-section, time-series data. Fixed-effect estimates across countries convert the cross-section test of absolute convergence into a pooled test of conditional convergence, since it controls for country-specific effects. Our tests consider both B- and O-convergence. Our findings support both absolute and conditional B-convergence of total factor productivity, but only conditional convergence of real GDP per worker. Further, O-convergence tests must by definition measure absolute convergence, since conditional convergence assumes that an equilibrium dispersion of total factor productivity or real GDP per worker exists. We find mixed evidence for absolute O-convergence.
Download or read book The Convergence Hypothesis After 10 Years written by Steven N. Durlauf and published by . This book was released on 2003 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industrialization and Variation in Social Structure written by Stephen Jay Kobrin and published by Forgotten Books. This book was released on 2015-06-15 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Industrialization and Variation in Social Structure: An Empirical Test of the Convergence Hypothesis In Industrialism and Industrial Man, Kerr, Dunlop, Harbison, and Myers concluded that social systems become more uniform and societies in general become more alike as they industrialize. While the convergence hypothesis has generated a good deal of discussion and controversy in the intervening fifteen years, reports of empirical tests of the concept have been limited. This paper summarizes such an attempt utilizing the techniques of cross-national research across a group of fifty-nine developing countries. The theoretical underpinnings of the hypothesis will first be discussed, the concept will then be restated in terms of testable hypotheses, the empirical findings will be reviewed, and, last, the conclusions will be presented. Reduced to its essence, industrialization entails the use of inanimate sources of power - tools and machines - to multiply human effort in production. As its raison d'être is an increase in output per unit of (human) input, broadscale industrialization results in an increased societal emphasis on efficiency which, given the nature of the machine, leads to larger scale productive units. There is thus a central logic to industrialization, a logic which leads to an increased emphasis on efficiency and scale. As Moore has observed, it is not reasonable to expect industrialization to be neutral in its social consequences. Rather, evidence from both the West and the developing countries indicates that industrialization tends to be a "universal social solvent." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
