Palgrave Handbook of Econometrics: Applied Econometrics

1092 The Econometrics of Convergence some have (perhaps with a degree of irony) accorded the 2% value a status akin to that of a ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1093 A first source of correlation derives from country-specific heterogeneity. ...

1094 The Econometrics of Convergence (GMM) estimator to analyze a panel variant of the standard cross-country growth regression. ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1095 population growth, that each country has a common set of control variables ...

1096 The Econometrics of Convergence Specifically, the Kocherlakota–Yi analysis provides conditions under which: E(logyt−logyt− ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1097 augmented Solow model estimated by Mankiwet al.(1992).^16 These findings a ...

1098 The Econometrics of Convergence 23.4 σ-convergence An alternative statistical convergence concept focuses on the cross-sect ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1099 inequality in turn impliesσlog^2 y,t>σlog^2 y,t+T, as otherwise(σlogyi, ...

1100 The Econometrics of Convergence Others have estimated the density of the cross-country distribution using mix- ture models, ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1101 similar conclusion using the Duclos, Esteban and Ray (2004) polarization i ...

1102 The Econometrics of Convergence estimates imply that the ergodic distributions of both GDP per capita and the pro- ductivit ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1103 income distributions as well as the ergodic distribution implied by the mo ...

1104 The Econometrics of Convergence Bernard and Durlauf (1995) define convergence for a set of countriesI as occurring if: lim ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1105 trend breaks raises the general question of whether convergence dynamics o ...

1106 The Econometrics of Convergence how convergence under a cross-section test can, in fact, imply a failure of con- vergence u ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1107 economic outcomes. As argued in Durlaufet al.(2005), the empirical task is ...

1108 The Econometrics of Convergence and hence convergence requires output for a pair of countries to behave similarly in the lo ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1109 favor of non-neoclassical models, but care must be taken to control for th ...

1110 The Econometrics of Convergence steady-state. Time series evidence against divergence does not distinguish between conditio ...

Steven Durlauf, Paul Johnson and Jonathan Temple 1111 that both diminishing returns and technology transfer are important contri ...