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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1392 |
DP1392 The Capital Structure of Firms in Central and Eastern Europe | |
Mark Schaffer; Francesca Cornelli; Richard Portes | |
发表日期 | 1996-05-31 |
出版年 | 1996 |
语种 | 英语 |
摘要 | Kelly (1992) has recently shown that evidence on convergence cannot be taken as evidence against endogenous growth in general. This study uses a well-known class of stochastic growth models to show other difficulties with traditional empirical studies of convergence. Key parameters typically cannot be estimated consistently in cross-section regressions. When the parameters are assumed known, implications for convergence are unavailable except under restrictive and economically unmotivated assumptions. Those same assumptions that relate key parameters to cross-country convergence render cross-section regressions impossible to estimate consistently. |
主题 | International Macroeconomics |
关键词 | Cross-country dependence Cross-country regression Increasing returns Stochastic growth Time-series regression |
URL | https://cepr.org/publications/dp1392 |
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/530535 |
推荐引用方式 GB/T 7714 | Mark Schaffer,Francesca Cornelli,Richard Portes. DP1392 The Capital Structure of Firms in Central and Eastern Europe. 1996. |
条目包含的文件 | 条目无相关文件。 |
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