Cross-country growth and convergence: a semi-parametric analysis
Dobson, Stephen; Ramlogan, Carlyn; Strobl, Eric
This paper shows that convergence occurs among countries with very low and very high initial incomes, indicating that convergence clubs characterize the cross-country growth process. The results provide evidence for non-linear convergence and are consistent with some new growth theories.
Publisher: University of Otago
Series number: 301
Keywords: convergence clubs; non-linear convergence; semi-parametric kernel regression
Research Type: Discussion Paper