Testing the Convergence Hypothesis: A Comment

Carree, Martin; Klomp, Luuk

doi:10.1162/003465397557114

Cited by 100 publications

(82 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Of the five industries with highest labor productivity in 1972 only one shows -convergence at the 10% significance level while none shows barriers which make imitation difficult and which can generate technological gaps into lasting ones may hamper convergence. This may be a reason for the lack of convergence of GDP per capita found in many large data sets including developing countries while there is ample evidence of convergence having taken place for developed countries (Carree and Klomp (1997)). …”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Productivity convergence in OECD manufacturing industries

2000

View full text Add to dashboard Cite

Abstract:The extent of -and -convergence of average labor productivity across manufacturing industries in 18 OECD-countries over the period 1972-1992 show large inter-industry differences. One reason for these differences is knowledge and capital barriers preventing catch-up to occur. We find the level of average labor productivity, as a proxy for these barriers, to be correlated with the extent of convergence. JEL-code: J24, L60

show abstract

Section: Resultsmentioning

confidence: 99%

“…σ σ iT i − 1 . The extent to which this convergence measure is significantly different from zero is measured by a test statistic recently introduced by Carree and Klomp (1997). Their T3-statistic has a standard normal distribution under the null hypothesis of no -convergence and is computed as follows:…”

Section: Testing For Convergence At the Industry Levelmentioning

confidence: 99%

Productivity convergence in OECD manufacturing industries

2000

View full text Add to dashboard Cite

show abstract

“…If a good is principally tradeable, the degree of trade barriers limits possible arbitrage and defines the width of the possible deviations from PPP. Parsley and Wei (1996) provide evidence for US cities that the lack of tradeability of goods and services is sufficient to drive a permanent wedge between prices at different locations even within the same country (see also O'Connel and Wei, 2002 We propose a new test of conditional σ-convergence for fixed and even small T based on Carree and Klomp (1997). Rejecting a unit root in a time series or, for fixed T , finding β-convergence in a cross-section is not sufficient to detect σ-convergence.…”

Section: Discussionmentioning

confidence: 99%

“…To accomplish this task, we design and apply a likelihood ratio test of conditional σ-convergence. This test is a generalization of the test of unconditional σ-convergence by Carree and Klomp (1997). 4 In addition, we estimate the associated speed of adjustment from the β-convergence regressions.…”

mentioning

confidence: 99%

The law of one price: conditional convergence evidence from disaggregated data

Egger

Gruber

Pfaffermayr

2009

RAEC

View full text Add to dashboard Cite

“…Source: The world Bank (2013) After receiving the data about the availability of σ-convergence between Member States of the EU and Ukraine, we should conduct an analysis of statistical tests of Lichtenberg (T 1 ), Carey and Klomp (T 2 , T 3 ) according to (5)(6)(7).…”

Section: Figure 1 Gdp Per Capita (Current Us$) Eu27+ukrainementioning

confidence: 99%

Economic Growth and Beta-Convergence Between EU and Ukraine

Verstiak¹,

Verstiak²,

Ishchenko³

et al. 2014

Intellectual Economics

View full text Add to dashboard Cite

Abstract. The empiric analysis of convergence processes between Ukraine and EU countries showed that the most spreading method of convergence presence in the rate of economic development is the reduction of the inequality of GdP per capita level among the countries groups. The main characteristics of the convergence hypothesis are checked on the example of EU and Ukraine. Thus, the economic dependence of emerging countries from developed countries is primarily manifested in the fact that developed countries are net-exporters of capital to developing countries, while developing countries are, in fact, their debtors. The hypothesis of EU and Ukraine integration is checked on the base of convergence test. JEL classification: F15, O47

show abstract

Testing the Convergence Hypothesis: A Comment

Cited by 100 publications

References 4 publications

Productivity convergence in OECD manufacturing industries

Productivity convergence in OECD manufacturing industries

The law of one price: conditional convergence evidence from disaggregated data

Economic Growth and Beta-Convergence Between EU and Ukraine

Contact Info

Product

Resources

About