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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9687 |
DP9687 Global Divergence in Growth Regressions | |
Joseph Zeira; Gianfranco di Vaio; Michele Battisti | |
发表日期 | 2013-10-13 |
出版年 | 2013 |
语种 | 英语 |
摘要 | This paper extends the standard growth regression model by adding an assumption that a country follows the global technology frontier either fully or partially. This additional assumption changes significantly the growth regression model and its results in three main ways. First, it shows that although a country converges to its long-run growth path, this path can diverge from the countries at the global frontier. We measure the degree of divergence for each country and find that most indeed diverge from the frontier. Second, we estimate growth dynamics without controlling for additional variables. Third, our new method enables us to disentangle the effects of the explanatory variables on the long-run rate of growth from the short-run effects. |
主题 | Development Economics ; International Macroeconomics |
关键词 | Convergence Divergence Economic growth Global frontier Growth regressions |
URL | https://cepr.org/publications/dp9687 |
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/538523 |
推荐引用方式 GB/T 7714 | Joseph Zeira,Gianfranco di Vaio,Michele Battisti. DP9687 Global Divergence in Growth Regressions. 2013. |
条目包含的文件 | 条目无相关文件。 |
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