A Simple Measure of β-Convergence

We propose a simple measure of β‐convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950–1988. We find evidence of β‐convergence but only in the presence of σ‐convergence.

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Oxford bulletin of economics and statistics 1997-05, Vol.59 (2), p.257-264
Hauptverfasser:	Boyle, G. E., McCarthy, T. G.
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Beschreibung
Zusammenfassung:	We propose a simple measure of β‐convergence which is not subject to Galton's fallacy. We illustrate our measure with OECD data for the period 1950–1988. We find evidence of β‐convergence but only in the presence of σ‐convergence.
ISSN:	0305-9049 1468-0084
DOI:	10.1111/1468-0084.00063