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dc.contributor.authorLiu, Xiaoxiaoen_NZ
dc.date.available2011-04-07T03:10:15Z
dc.date.copyright2005-10en_NZ
dc.identifier.citationLiu, X. (2005, October). Are poor countries above their steady-state income levels? – A time-series analysis (Dissertation, Bachelor of Commerce with Honours). Retrieved from http://hdl.handle.net/10523/1217en
dc.identifier.urihttp://hdl.handle.net/10523/1217
dc.description.abstractThis paper criticizes Cho and Graham's argument that poor countries converge from above their steady-state income levels, based on their misspecification of formulating the steady-state income by omitting the variation in the base period technology across countries when estimating steady-state income. This paper also questions the cross-country regression methodology, which generally ignores the changes in variables over time. A time-series approach is employed to analyse the long-run behaviour of actual and steady-state income levels for a group of seven developing countries, which are observed to be above their steady-states in Cho and Graham (1996). An error-correction-based-test is used to examine the existence of cointegration. The results suggest that these countries' actual and steady-state income per capita tend to move together over time, which is consistent with the Solow model's prediction.en_NZ
dc.format.mimetypeapplication/pdf
dc.subjectsteady-state income levels, poor countriesen_NZ
dc.subjectsteady-state incomeen_NZ
dc.subjectcross-country regression methodologyen_NZ
dc.subjectsteady-state income per capitaen_NZ
dc.subjecttime-series analysisen_NZ
dc.subjecteconomic growth and applied econometricsen_NZ
dc.subjectgrowth, convergence, steady-state income levels, base period technology, cross-country regression, time-series regression, Solow model's prediction, error-correction-based-testen_NZ
dc.subject.lcshHF Commerceen_NZ
dc.subject.lcshHF5601 Accountingen_NZ
dc.subject.lcshH Social Sciences (General)en_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleAre poor countries above their steady-state income levels? – A time-series analysisen_NZ
dc.typeDissertationen_NZ
dc.description.versionUnpublisheden_NZ
otago.bitstream.pages58en_NZ
otago.date.accession2006-10-06en_NZ
otago.schoolEconomicsen_NZ
thesis.degree.disciplineEconomicsen_NZ
thesis.degree.nameBachelor of Commerce with Honours
thesis.degree.grantorUniversity of Otagoen_NZ
thesis.degree.levelHonours Dissertationsen_NZ
otago.openaccessOpen
dc.identifier.eprints424en_NZ
otago.school.eprintsEconomicsen_NZ
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