G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9687
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
URLhttps://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.
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