Abstract
A panel data approach is advocated and implemented for studying growth convergence. The familiar equation for testing convergence is reformulated as a dynamic panel data model, and different panel data estimators are used to estimate it. The main usefulness of the panel approach lies in its ability to allow for differences in the aggregate production function across economies. This leads to results that are significantly different from those obtained from single cross-country regressions. In the process of identifying the individual "country effect," we can also see the point where neoclassical growth empirics meets development economics.
Keywords
Panel dataEconomicsConvergence (economics)EconometricsEstimatorAggregate (composite)Production functionFunction (biology)Panel analysisAggregate dataProduction (economics)Point (geometry)MacroeconomicsMathematicsStatistics
Affiliated Institutions
Related Publications
Finance and Growth: Schumpeter Might Be Right
Finance matters. The level of a country's financial development helps predict its rate of economic growth for the following 10 to 30 years. The data are consistent with...
Institutions, Institutional Change and Economic Performance
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional ch...
Specification and Estimation of Cobb-Douglas Production Function Models
In this paper we consider the specification and estimation of the Cobb-Douglas production function model.After reviewing the "traditional" specifying assumptions for the model w...
The Atlas Genome Assembly System
Atlas is a suite of programs developed for assembly of genomes by a “combined approach” that uses DNA sequence reads from both BACs and whole-genome shotgun (WGS) libraries. The...
Critical Contingencies in Joint Venture Management: Some Lessons from Managers
This study is an integrative examination of three aspects of joint venture formation: complementarity of the partners, ownership/control and joint venture autonomy. Past researc...
Publication Info
- Year
- 1995
- Type
- article
- Volume
- 110
- Issue
- 4
- Pages
- 1127-1170
- Citations
- 3461
- Access
- Closed
External Links
Social Impact
Altmetric
PlumX Metrics
Social media, news, blog, policy document mentions
Citation Metrics
3461
OpenAlex
Cite This
Nazrul Islam
(1995).
Growth Empirics: A Panel Data Approach.
The Quarterly Journal of Economics
, 110
(4)
, 1127-1170.
https://doi.org/10.2307/2946651
Identifiers
- DOI
- 10.2307/2946651