G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1126
DP1126 Trade and Convergence Among Countries
Dan Ben-David
发表日期1995-02-28
出版年1995
语种英语
摘要This paper examines growth in output per person in 17 OECD countries from the late nineteenth century to 1989 considering the possibility of several breaks in trend. In all cases the unit root hypothesis is rejected in favour of a segmented trend stationary alternative. 1951-73 is shown to be an epoch of exceptionally rapid economic growth in Western Europe and this seems to result both from catch-up and from reconstruction. With one exception, recent income levels in Western Europe are found to be higher than would have been expected on the basis of extrapolating the pre-1914 trend growth rate.
关键词Economic growth Segmented trend Unit root
URLhttps://cepr.org/publications/dp1126
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530269
推荐引用方式
GB/T 7714
Dan Ben-David. DP1126 Trade and Convergence Among Countries. 1995.
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