Dobson, Steve
Ramlogan, Carlyn
Strobl, Eric
[UCL]
There have been many tests of the convergence hypothesis yielding many diffrent estimates of b (the speed of convergence). Narative reviews of the convergence literature hint at possible reasons for the study-to-study variation in the value of b, but such reviews are selective and informal. In contrast, meta-regression analysis provides a more formal and objective review of the literature. It is shown that study design and methodology are important determinants of the reported convergence rate, especially in cross-national studies. There is also evidence of general misspecification in the literature.
Bibliographic reference |
Dobson, Steve ; Ramlogan, Carlyn ; Strobl, Eric. Why do rates of convergence differ? A meta-regression analysis. ECON Discussion Papers ; 2003/16 (2003) |
Permanent URL |
http://hdl.handle.net/2078.1/4901 |