| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1273 |
| DP1273 Ownership and Corporate Control in Poland: Why State Firms Defied the Odds | |
| Sweder van Wijnbergen; Brian Pinto | |
| 发表日期 | 1995-12-30 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | We study the issue of income convergence across countries and regions with a Bayesian model which allows us to use information in an efficient and flexible way. We argue that the very slow convergence rates to a common level of per-capita income found, for example, by Barro and Sala-i-Martin, is due to a 'fixed effect bias' that their cross-sectional analysis introduces in the results. Our approach permits the estimation of different convergence rates to different steady states for each cross-sectional unit. When this diversity is allowed, we find that convergence of each unit to (its own) steady-state income level is much faster than previously estimated, but that cross-sectional differences persist: inequalities will only be reduced by a small amount by the passage of time. The cross-country distribution of the steady state is largely explained by the cross-sectional distribution of initial conditions. |
| 主题 | International Macroeconomics |
| 关键词 | Convergence Income inequalities Panel data Persistence Prior distribution |
| URL | https://cepr.org/publications/dp1273 |
| 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/530437 |
| 推荐引用方式 GB/T 7714 | Sweder van Wijnbergen,Brian Pinto. DP1273 Ownership and Corporate Control in Poland: Why State Firms Defied the Odds. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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